Top Intraday Stocks Today - 16 July, 2024
**Previous Session's Market Performance**
The market commenced today's session with an optimistic note, with the Nifty index tracking a narrow range between 24525 and 24635. The index closed marginally higher by 0.35%, signaling a positive bias. The Nifty Midcap 100 outpaced the Nifty 50, registering a commendable gain of 0.86%.
**Sector Performance**
The previous session witnessed contrasting performances across sectors. PSU Banks and Energy sectors emerged as standout performers, while IT and Private Banks encountered headwinds.
**Options Market Insights**
Open Interest remained concentrated at 25000 Call and 24500 Put, with significant put writing indicating a positive market sentiment.
**Trading Range**
The VWAP range for the session spanned from 24495 to 24705. Max Pain was observed at 24500 spot, while the Put-Call Ratio (PCR) stood at 1.17.
**Institutional Activity**
Foreign Institutional Investors (FIIs) acted as net buyers, contributing a total of 2684.78 crore to the market. Domestic Institutional Investors (DIIs), on the other hand, emerged as net sellers, with a participation of 331.00 crore.
**FPI Multi Index Futures Activity:**
* FINNIFTY FUTURES: 181 * BANKNIFTY FUTURES: 3755 * MIDCPNIFTY FUTURES: 2316 * NIFTYNXT50 FUTURES: 125 * NIFTY FUTURES: 14196
Please note that this is not investment advice. Consult with a financial advisor before making any investment decisions.
Top Stocks to Buy Today:
1) ZYDUSWELL
Buy ZYDUSWELL shares in intraday timeframe at CMP Rs. 2145.5
2) WELCORP
Buy WELCORP shares in intraday timeframe at CMP Rs. 637.85
3) GESHIP
Buy GESHIP shares in intraday timeframe at CMP Rs. 1385.1
4) CGCL
Buy CGCL shares in intraday timeframe at CMP Rs. 220.95
Top Stocks to Short Today:
1) CASTROLIND
Sell CASTROLIND shares in intraday timeframe at CMP Rs. 269.7
2) MAHABANK
Sell MAHABANK shares in intraday timeframe at CMP Rs. 69.15
3) TANLA
Sell TANLA shares in intraday timeframe at CMP Rs. 1000.8
4) CRISIL
Sell CRISIL shares in intraday timeframe at CMP Rs. 4529.75
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!