Intraday Signals: Top Intraday Trades to make today - 16 September, 2024

**Market Performance in the Current Session**

The stock market witnessed a significant shift in its trajectory during today's trading session. Indices opened with a bullish sentiment, driven by positive economic data and renewed investor confidence. However, the market's momentum proved to be short-lived as a sudden surge in selling pressure triggered a sharp decline.

Technical Indicators**

Technical indicators suggest a bearish sentiment for the current session. The Relative Strength Index (RSI) indicates that the market is overbought, while the Moving Average Convergence Divergence (MACD) points to a downtrend. These technical indicators suggest that a further correction may be in store.

**Sector Performance**

The technology sector led the market's decline, with major tech stocks losing significant ground. Healthcare and consumer discretionary stocks also performed poorly, while defensive sectors such as utilities and consumer staples provided some stability.

Outlook for the Next Trading Session**

Looking ahead to tomorrow's session, the market's direction remains uncertain. Positive economic data may provide some support, but the bearish technical indicators suggest that caution is warranted. Investors are advised to monitor market conditions closely and adjust their positions accordingly.

Disclaimer:**

This information is for educational purposes only and should not be construed as financial advice.

Top Stocks to Buy Today:

1) CENTURYTEX

Buy CENTURYTEX shares in intraday timeframe at CMP Rs. 2896.1

2) MANYAVAR

Buy MANYAVAR shares in intraday timeframe at CMP Rs. 1286.8

3) APLAPOLLO

Buy APLAPOLLO shares in intraday timeframe at CMP Rs. 1459.05

4) ASIANPAINT

Buy ASIANPAINT shares in intraday timeframe at CMP Rs. 3358.05

Top Stocks to Short Today:

1) INTELLECT

Sell INTELLECT shares in intraday timeframe at CMP Rs. 985.8

2) MUTHOOTFIN

Sell MUTHOOTFIN shares in intraday timeframe at CMP Rs. 2013.05

3) MANAPPURAM

Sell MANAPPURAM shares in intraday timeframe at CMP Rs. 211.33

4) BLS

Sell BLS shares in intraday timeframe at CMP Rs. 435.15

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!