Intraday Trading: Top Stocks on NSE Today - 13 May, 2024

**Previous Session's Market Performance**

The trading session commenced with a surge in activity, leading to an initial uptick. However, the Nifty's momentum subsided, and it oscillated within a narrow range between 21,985 and 22,130. This indecisive movement persisted throughout the session, resulting in a modest gain of 0.44%.

The Nifty Midcap 100 index emerged as a standout performer, surpassing the Nifty 50's gains with a positive return of 0.86%.

Sector-wise, Metals and Energy exhibited remarkable strength, propelling the market's advance. Conversely, the IT and Realty sectors encountered headwinds and exhibited weaker performance.

An analysis of the options market revealed a concentrated open interest at 22500 for the call side and 22000 for the put side. The notable equilibrium between call and put writing suggests a market that expects a range-bound trajectory.

Technical indicators, such as the VWAP, predict a potential trading range for the current session between 21870 and 22250. The Max Pain level is estimated to be at 22100, with a corresponding CE/PE Combined Residual Premium/Pain Value of 553.67 Crores.

In the cash market, foreign investors (FIIs) assumed a net selling position, releasing a total of 2117.50 crores. Domestic investors (DIIs), on the other hand, exhibited a net buying activity of 2709.81 crores.

Top Stocks to Buy Today:

1) TATAMOTORS

Buy TATAMOTORS shares in intraday timeframe at CMP Rs. 975.2

2) TATAMTRDVR

Buy TATAMTRDVR shares in intraday timeframe at CMP Rs. 659.7

3) BALAMINES

Buy BALAMINES shares in intraday timeframe at CMP Rs. 2170.25

4) VIJAYA

Buy VIJAYA shares in intraday timeframe at CMP Rs. 786.8

Top Stocks to Short Today:

1) PPLPHARMA

Sell PPLPHARMA shares in intraday timeframe at CMP Rs. 165.55

2) BEML

Sell BEML shares in intraday timeframe at CMP Rs. 3270

3) SHARDACROP

Sell SHARDACROP shares in intraday timeframe at CMP Rs. 389.8

4) LALPATHLAB

Sell LALPATHLAB shares in intraday timeframe at CMP Rs. 2506

Disclaimer: Remember, the market is a living beast, and even the most informed predictions can be devoured by unforeseen events. While this analysis is based on a thorough rule-based research, the ultimate decision to buy or sell rests with you. Do your own due diligence, consider your risk tolerance, and craft a strategy that aligns with your financial goals. Stratzy provides insights, not guarantees, and cannot be held responsible for any gains or losses incurred in your trading activities. Invest wisely, trade responsibly, and may the market gods favor you!