Intraday Signals Today: Best Stocks for 14 October, 2024

**Market Performance**

The current session marked a mixed performance in the equity markets amidst ongoing economic uncertainties. Despite a positive opening, the indices traded sideways and witnessed a slight decline during the last hour.

Major market indices fluctuated in a narrow range throughout the session. The BSE Sensex closed at XX.XX points, a loss of XX.XX points or XX.XX%. Similarly, the Nifty 50 ended the day at XX.XX points, down by XX.XX points or XX.XX%. This decline was primarily driven by losses in heavyweight sectors such as banking, oil & gas, and automobiles.

On the flip side, selective sectors managed to buck the negative trend. IT, healthcare, and FMCG stocks provided some support to the market, preventing a steeper decline. Positive earnings reports from some companies in these sectors also contributed to the resilience shown by their respective indices.

In terms of volume, the market witnessed moderate participation. Total turnover on the BSE stood at XX,XXX.XX crores, while the NSE recorded a turnover of XX,XXX.XX crores. Foreign institutional investors (FIIs) continued their selling spree, net selling worth XX,XXX.XX crores of equity shares. On the other hand, domestic institutional investors (DIIs) were net buyers, purchasing XX,XXX.XX crores worth of shares.

As the market enters the new session, investors should carefully monitor global economic developments, particularly inflation data and central bank policy announcements. Domestically, the focus will be on upcoming earnings reports and macroeconomic indicators. Technical analysis suggests that the market could continue to trade range-bound for the time being, with support levels at XX.XX and resistance at XX.XX.

Top Stocks to Buy Today:

1) JBCHEPHARM

Buy JBCHEPHARM shares in intraday timeframe at CMP Rs. 1819.25

2) JSWENERGY

Buy JSWENERGY shares in intraday timeframe at CMP Rs. 711.55

3) BIOCON

Buy BIOCON shares in intraday timeframe at CMP Rs. 344

4) GLAND

Buy GLAND shares in intraday timeframe at CMP Rs. 1701.45

Top Stocks to Short Today:

1) APLLTD

Sell APLLTD shares in intraday timeframe at CMP Rs. 1148.6

2) NATIONALUM

Sell NATIONALUM shares in intraday timeframe at CMP Rs. 228.32

3) GLS

Sell GLS shares in intraday timeframe at CMP Rs. 1184.25

4) AJANTPHARM

Sell AJANTPHARM shares in intraday timeframe at CMP Rs. 3322.15

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!