Intraday Signals Today: Best Stocks for 17 January, 2025

**Market Performance Summary**\n\n

The market's session concluded with a notable performance, showcasing resilience amidst recent market volatilities.\n\n

**Market Indices**\n\n

The blue-chip index, the Nifty 50, ended the session with a modest gain of approximately 0.5%, driven by strong performances in select sectors.\n\n

The broader market, represented by the Nifty 500, displayed similar positive momentum, closing approximately 0.3% higher.\n\n

**Sectoral Performance**\n\n

The banking sector emerged as a key contributor to the overall market rally, with leading players posting impressive gains. The IT sector also witnessed upward movement, with tech giants leading the charge.\n\n

However, the metals and energy sectors faced headwinds, with their respective indices closing marginally lower.\n\n

**Technical Analysis**\n\n

The Nifty 50 has maintained its bullish trend, consolidating above its crucial support levels. A breakout above the immediate resistance levels could provide further upside momentum.\n\n

The RSI indicator remains in the bullish zone, suggesting positive sentiment among investors. However, it is approaching overbought levels, indicating the potential for a pullback.\n\n

**Outlook for Current Session**\n\n

The market is likely to open with a cautious note, taking cues from global markets and the upcoming slew of economic data releases.\n\n

Traders may exercise caution while making significant bets, as the market could continue to exhibit volatility in the near term.

Top Stocks to Buy Today:

1) MARICO

Buy MARICO shares in intraday timeframe at CMP Rs. 655

2) PETRONET

Buy PETRONET shares in intraday timeframe at CMP Rs. 329.45

3) NAVINFLUOR

Buy NAVINFLUOR shares in intraday timeframe at CMP Rs. 3779.5

4) HOMEFIRST

Buy HOMEFIRST shares in intraday timeframe at CMP Rs. 1046.15

Top Stocks to Short Today:

1) HDFCLIFE

Sell HDFCLIFE shares in intraday timeframe at CMP Rs. 639.8

2) ATGL

Sell ATGL shares in intraday timeframe at CMP Rs. 673.05

3) RVNL

Sell RVNL shares in intraday timeframe at CMP Rs. 429.75

4) PRAJIND

Sell PRAJIND shares in intraday timeframe at CMP Rs. 771.05

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!