Intraday Trading: Top Stocks Today - 17 October, 2024
Explore the leading Indian stock market selections primed for potential profits and lucrative short-selling prospects within the day's trading window! Here we present best intraday stocks to buy on 17 October, 2024!
Market Performance Recap
The market closed the last session on a mixed note, with a slight gain in the broader market. The benchmark index closed marginally higher, while the broader market witnessed a modest advance.
Sector-wise, the technology and healthcare sectors outperformed the market, buoyed by positive earnings reports and upbeat analyst forecasts. On the other hand, the energy and financial sectors lagged, pressured by concerns over geopolitical uncertainties and rising interest rates.
In the upcoming session, market participants will be closely monitoring the release of economic data on inflation and consumer spending. Additionally, earnings reports from major companies in various sectors will provide further insights into the company's performance and the broader market environment.
Overall, the market remains cautious as investors weigh the prospects of economic recovery against the potential impact of geopolitical risks and central bank tightening.
Top Stocks to Buy Today:
1) HCLTECH
Buy HCLTECH shares in intraday timeframe at CMP Rs. 1860.95
2) USHAMART
Buy USHAMART shares in intraday timeframe at CMP Rs. 438
3) ECLERX
Buy ECLERX shares in intraday timeframe at CMP Rs. 2993.4
4) SHARDACROP
Buy SHARDACROP shares in intraday timeframe at CMP Rs. 607.5
Top Stocks to Short Today:
1) SUNTECK
Sell SUNTECK shares in intraday timeframe at CMP Rs. 591.15
2) SWSOLAR
Sell SWSOLAR shares in intraday timeframe at CMP Rs. 632.15
3) HINDPETRO
Sell HINDPETRO shares in intraday timeframe at CMP Rs. 430.7
4) INDIGO
Sell INDIGO shares in intraday timeframe at CMP Rs. 4717.55
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!