Intraday Trading: Top Stocks on NSE Today

In the wake of a positive start, the current session on the weekly options expiry day witnessed significant volatility, characterized by pronounced fluctuations in both directions. The market ultimately concluded near its peak, securing a gain of approximately 1%.

However, the Nifty Midcap 100 index lagged behind its larger counterpart, the Nifty 50, recording a modest gain of 0.88%.

Within the sectoral spectrum, the IT and Consumer Durables sectors emerged as stalwarts, exhibiting exceptional strength. In contrast, PSU Banks and Energy sectors faced challenges, resulting in subpar performance during the session.

Scrutiny of the options market reveals the presence of significant open interest at the 22500 level on the call side and 22000 level on the put side. Analysis of the current option chain suggests a predominant volume of put writing relative to call writing, indicating a slightly bullish market sentiment.

Moreover, the Volume Weighted Average Price (VWAP) points to a trading range for the upcoming session between 22210 and 22520. The Max Pain level for the cash market is observed at 22300, with a combined Residual Premium/Pain Value of 420.31 Crores for CE/PE.

In the cash market, Foreign Institutional Investors (FIIs) assumed the role of net sellers, contributing a transaction value of 776.49 Crore. On the other hand, Domestic Institutional Investors (DIIs) displayed a net buying stance, infusing an amount of 2127.81 Crore into the market.

Top Stocks to Buy Today:

1) PRINCEPIPE

Buy PRINCEPIPE shares in intraday timeframe at CMP Rs. 673

2) ECLERX

Buy ECLERX shares in intraday timeframe at CMP Rs. 2304.15

3) RATNAMANI

Buy RATNAMANI shares in intraday timeframe at CMP Rs. 3170.5

4) ADANIPORTS

Buy ADANIPORTS shares in intraday timeframe at CMP Rs. 1334.5

Top Stocks to Short Today:

1) JKPAPER

Sell JKPAPER shares in intraday timeframe at CMP Rs. 370.65

2) RAINBOW

Sell RAINBOW shares in intraday timeframe at CMP Rs. 1358.6

3) MANKIND

Sell MANKIND shares in intraday timeframe at CMP Rs. 2113.65

4) ELGIEQUIP

Sell ELGIEQUIP shares in intraday timeframe at CMP Rs. 631.45

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!