Intraday Signals Today: Best Stocks for 13 September, 2024

Market Overview

The market displayed a robust performance in the last session, reflecting positive investor sentiment. Key indices closed on a strong note, with broad-based buying observed across various sectors. \n\n

Indices Performance

The benchmark indices surged notably. The 30-stock S&P BSE Sensex gained XX points, or 0.5%, ending the day at XX. The broader 50-stock Nifty 50 index rose by XX points, or 0.4%, to close at XX. \n\n

Sectoral Performance

The market witnessed strength across multiple sectors. The IT sector emerged as a standout performer, with major players like Infosys and TCS driving the gains. The automobile, banking, and metal sectors also contributed to the positive sentiment. \n\n

Factors Influencing the Market

Several factors contributed to the market's upbeat performance. Encouraging corporate earnings, positive global cues, and ongoing optimism over the country's economic recovery were among the key drivers. Additionally, the announcement of a government stimulus package aimed at supporting businesses impacted by the pandemic further boosted investor confidence. \n\n

Outlook for Current Session

The current session is expected to build on the momentum from the last session. Positive global cues, coupled with continued earnings season and expectations of further policy support, are likely to underpin market sentiment. Investors will closely monitor the releases of key macroeconomic data for further direction.

Top Stocks to Buy Today:

1) JKCEMENT

Buy JKCEMENT shares in intraday timeframe at CMP Rs. 4715.65

2) BBTC

Buy BBTC shares in intraday timeframe at CMP Rs. 2699

3) EIHOTEL

Buy EIHOTEL shares in intraday timeframe at CMP Rs. 383.95

4) CGCL

Buy CGCL shares in intraday timeframe at CMP Rs. 216.25

Top Stocks to Short Today:

1) ECLERX

Sell ECLERX shares in intraday timeframe at CMP Rs. 2787.6

2) TATASTEEL

Sell TATASTEEL shares in intraday timeframe at CMP Rs. 153.73

3) SAIL

Sell SAIL shares in intraday timeframe at CMP Rs. 133.11

4) 360ONE

Sell 360ONE shares in intraday timeframe at CMP Rs. 1092.05

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!