Intraday Trading: Top Stocks on NSE Today

The equity markets witnessed a fluctuating trend during the previous trading session, with an initial downturn followed by a commendable recovery. The session commenced with a neutral opening, but the Nifty encountered a notable decline within the initial hour, dipping below the crucial 21900 level.

However, a resurgence of buying interest in prominent index heavyweights emerged near the day's low, propelling a significant recovery. As a result, the Nifty concluded the session on a positive note, posting a respectable gain of 0.22%.

The Nifty Midcap 100 index outpaced its larger counterpart, finishing with a commendable gain of 0.41%. Sector-wise, Pharma and Healthcare sectors emerged as the standout performers, exhibiting impressive resilience. Conversely, Auto and PSU Banks faced headwinds, resulting in weaker performance throughout the trading session.

The options market mirrored the positive sentiment prevailing in the market. The analysis of today's option chain indicated a higher volume of put writing in comparison to call writing. This suggests that market participants are generally optimistic about the market's trajectory.

The Volume Weighted Average Price (VWAP) suggests a potential trading range for the current session between 21935 and 22200. The Max Pain is identified at the 22100 spot level, with the CE/PE Combined Residual Premium/Pain Value standing at 591.52 Crores.

In the cash market, Foreign Institutional Investors (FIIs) emerged as net sellers, registering a total outflow of 4498.92 crore. On the other hand, Domestic Institutional Investors (DIIs) displayed net buying activity, infusing 3562.75 crore into the markets.

Top Stocks to Buy Today:

1) TIINDIA

Buy TIINDIA shares in intraday timeframe at CMP Rs. 3833.7

2) ZOMATO

Buy ZOMATO shares in intraday timeframe at CMP Rs. 188.85

3) CGCL

Buy CGCL shares in intraday timeframe at CMP Rs. 228.9

4) MEDPLUS

Buy MEDPLUS shares in intraday timeframe at CMP Rs. 697.7

Top Stocks to Short Today:

1) COCHINSHIP

Sell COCHINSHIP shares in intraday timeframe at CMP Rs. 1261.95

2) HOMEFIRST

Sell HOMEFIRST shares in intraday timeframe at CMP Rs. 796.65

3) CHALET

Sell CHALET shares in intraday timeframe at CMP Rs. 820

4) SHRIRAMFIN

Sell SHRIRAMFIN shares in intraday timeframe at CMP Rs. 2378.1

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!