Intraday Trading: Top Stocks on NSE Today

During the erstwhile trading session, the Nifty exhibited an initial upward surge before settling into a range-bound movement during the early hours. As the session progressed, selling pressures escalated, pushing the Nifty below the crucial 22000 level. The index eventually closed near its intraday low, suffering a decline of 0.69 percent.

Despite outperforming its broader counterpart, the Nifty Midcap 100 index also witnessed a marginal loss of 0.49 percent. Sectorally, Media and PSU Banks emerged as frontrunners, demonstrating resilience amidst the broader market weakness. Conversely, Energy and Healthcare sectors faced challenges, displaying sluggish performance throughout the session.

An analysis of the options market reveals that the highest open interest for call options resides at the 22500 level, while for put options, it lies at 22000. The current day's option chain indicates a greater inclination towards writing call options as compared to put options, suggesting a bearish bias in the market.

The Volume Weighted Average Price (VWAP) projects a trading range for the upcoming session between 21900 and 22250. Max Pain is currently observed at the 22200 spot, with a CE/PE Combined Residual Premium/Pain Value of 1327.08 Crores.

In the cash market, Foreign Institutional Investors (FIIs) adopted a net selling stance, with their activity amounting to 4260.33 crores. In contrast, Domestic Institutional Investors (DIIs) exhibited a net buying position, amounting to 2285.52 crores.

Top Stocks to Buy Today:

1) BRIGADE

Buy BRIGADE shares in intraday timeframe at CMP Rs. 1008.85

2) PATANJALI

Buy PATANJALI shares in intraday timeframe at CMP Rs. 1379.55

3) MEDPLUS

Buy MEDPLUS shares in intraday timeframe at CMP Rs. 690.6

4) WESTLIFE

Buy WESTLIFE shares in intraday timeframe at CMP Rs. 822.8

Top Stocks to Short Today:

1) DMART

Sell DMART shares in intraday timeframe at CMP Rs. 4745.55

2) ISEC

Sell ISEC shares in intraday timeframe at CMP Rs. 709.35

3) BHARTIARTL

Sell BHARTIARTL shares in intraday timeframe at CMP Rs. 1261.45

4) APOLLOHOSP

Sell APOLLOHOSP shares in intraday timeframe at CMP Rs. 6138.55

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!