Best Intraday Stocks Today - 19 August, 2024

Market Overview**

**Last Session's Performance:**

The equity markets concluded the current session on a volatile note, characterized by fluctuations throughout the trading day. The benchmark indices experienced a moderate decline, with key sectors witnessing mixed performance.

**Sectoral Analysis:**

The **financial services** sector emerged as a major underperformer, dragged down by losses in banking and insurance stocks. In contrast, the **technology** sector provided some support, with gains in IT and software companies. The **pharmaceuticals** sector also exhibited resilience, supported by strong earnings reports.

**Market Drivers:**

* **Global economic uncertainty:** Concerns over the global economic outlook, particularly the impact of the ongoing pandemic, weighed on market sentiment. * **Corporate earnings:** Mixed corporate earnings results influenced individual stock performances, with some companies reporting strong numbers while others missed expectations. * **Technical factors:** The market's technical indicators suggested a lack of clear direction, with both bullish and bearish signals present.

**Outlook for Today's Session:**

* **Technical outlook:** The market's technical analysis suggests the potential for further volatility in the current session. Support levels and resistance levels will be closely monitored. * **Earnings reports:** Several companies are scheduled to release their earnings reports today, which could have a significant impact on their stock prices. * **Economic data:** The release of key economic data, such as GDP growth and unemployment figures, could provide further insights into the overall economic environment.

**Disclaimer:**

This analysis is provided for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult with qualified professionals before making investment decisions.

Top Stocks to Buy Today:

1) MAZDOCK

Buy MAZDOCK shares in intraday timeframe at CMP Rs. 4852.8

2) ADANIGREEN

Buy ADANIGREEN shares in intraday timeframe at CMP Rs. 1858.05

3) SUNDARMFIN

Buy SUNDARMFIN shares in intraday timeframe at CMP Rs. 4060.7

4) AETHER

Buy AETHER shares in intraday timeframe at CMP Rs. 907.25

Top Stocks to Short Today:

1) ZOMATO

Sell ZOMATO shares in intraday timeframe at CMP Rs. 273.97

2) CHALET

Sell CHALET shares in intraday timeframe at CMP Rs. 771

3) NSLNISP

Sell NSLNISP shares in intraday timeframe at CMP Rs. 55.39

4) BEML

Sell BEML shares in intraday timeframe at CMP Rs. 3943.75

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!