Intraday Trading: Top Stocks Today - 18 November, 2024

Market Recap

The market had a strong performance in the last trading session, with major indexes closing in the green. The **S&P 500** gained 1.2%, reaching a new high for the year. The **Dow Jones Industrial Average** rose by 0.8%, while the **Nasdaq Composite** recorded a notable 1.5% increase.

Sector Highlights

**Technology** stocks were among the top performers, with the **Nasdaq 100** index rallying by 1.7%. Semiconductor and software companies led the gains. **Financials** also saw solid gains, driven by banking and insurance sectors.

**Growth** stocks outpaced **value** stocks, with the Russell 2000 Growth Index surging by 2.1%. Investors continued to favor companies with high growth potential amid accommodative monetary policy.

**Bond Market**

Treasury yields edged higher in the last session. The benchmark 10-year Treasury yield rose by 3 basis points to 1.62%. Investors remained cautious as they awaited the latest economic data and central bank updates.

Today's Outlook

As the market opens for the current session, it is expected to continue the positive momentum from the last trading day. Economic data released today, such as the consumer price index (CPI), will be closely watched for insights into inflation trends.

Investors are also anticipating the upcoming earnings season, which will provide updates on corporate profitability and economic conditions. Overall, the market remains optimistic, with expectations of a continued recovery in the current session.

Top Stocks to Buy Today:

1) TITAN

Buy TITAN shares in intraday timeframe at CMP Rs. 3185.8

2) POWERGRID

Buy POWERGRID shares in intraday timeframe at CMP Rs. 312.7

3) SHARDACROP

Buy SHARDACROP shares in intraday timeframe at CMP Rs. 763.15

4) TEAMLEASE

Buy TEAMLEASE shares in intraday timeframe at CMP Rs. 2734.1

Top Stocks to Short Today:

1) NATIONALUM

Sell NATIONALUM shares in intraday timeframe at CMP Rs. 235.21

2) EICHERMOT

Sell EICHERMOT shares in intraday timeframe at CMP Rs. 4877.65

3) RCF

Sell RCF shares in intraday timeframe at CMP Rs. 153.37

4) EPIGRAL

Sell EPIGRAL shares in intraday timeframe at CMP Rs. 2020.3

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!