Intraday Signals: Top Intraday Trades to make today - 16 December, 2024
Lets delve into the hottest stocks for today with potential buying opportunities, along with those that might be primed for shorting based on technical analysis. Here are the best intraday stocks today on 16 December, 2024
**Market Performance Recap**
The financial landscape witnessed significant fluctuations during the previous session, exhibiting both gains and losses across various sectors. The indices displayed a mixed performance, influenced by a confluence of macroeconomic factors and corporate news.
The benchmark index commenced the session on a positive note, buoyed by optimism stemming from encouraging earnings reports. However, as the day progressed, profit-taking set in, leading to a gradual decline in prices. Key sectors that contributed to the market's ebb and flow included IT, financials, and healthcare.
Among the gainers, technology companies outperformed their peers, driven by strong demand for their products and services. Media and entertainment stocks also saw their share prices rise on the back of positive analyst recommendations.
Meanwhile, the energy sector faced headwinds as concerns about global economic growth weighed on oil prices. In addition, the utilities sector lagged due to profit-taking after a period of strong gains.
Overall, the market ended the session on a slightly lower note, reflecting a cautious outlook among investors. As traders brace for the upcoming session, they will be keeping a close eye on macroeconomic indicators, company earnings, and global events that could impact the market's trajectory.
Top Stocks to Buy Today:
1) NMDC
Buy NMDC shares in intraday timeframe at CMP Rs. 233.02
2) SHARDACROP
Buy SHARDACROP shares in intraday timeframe at CMP Rs. 833.85
3) ROSSARI
Buy ROSSARI shares in intraday timeframe at CMP Rs. 828.4
4) VARROC
Buy VARROC shares in intraday timeframe at CMP Rs. 592.85
Top Stocks to Short Today:
1) MAHLIFE
Sell MAHLIFE shares in intraday timeframe at CMP Rs. 485
2) GRINFRA
Sell GRINFRA shares in intraday timeframe at CMP Rs. 1587.9
3) VMART
Sell VMART shares in intraday timeframe at CMP Rs. 3868.6
4) CCL
Sell CCL shares in intraday timeframe at CMP Rs. 766.85
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!