Intraday Signals Today: Best Stocks for 19 December, 2024

**Market Overview for the Current Trading Session**

The market showcased a remarkable performance in the last session, concluding the day on a positive note. Key indices witnessed a surge, buoyed by positive global cues and robust domestic buying.

**Indices Performance**

The benchmark Nifty 50 Index scaled new heights, rising by a significant margin to close at its highest level. The broader Nifty 500 Index also followed suit, mirroring the positive sentiment across sectors.

**Sectoral Performance**

Various sectors contributed to the market's overall gain. The IT, financial services, and automobile sectors led the rally, with their respective indices gaining by a commendable percentage. Defensive sectors such as utilities and FMCG also witnessed some strength.

**Market Breadth**

The market breadth was in favor of the bulls, indicating widespread participation. A significant number of stocks advanced, outnumbering those that declined, reflecting the bullish undercurrent.

**Outlook for the Current Session**

As the market enters the current session, analysts anticipate mixed sentiments. While positive global cues may provide some support, profit-booking and concerns over potential interest rate hikes could limit the upside potential. Key levels to watch out for would be the 50-day and 200-day moving averages, which could act as crucial support and resistance levels, respectively.

Top Stocks to Buy Today:

1) GPIL

Buy GPIL shares in intraday timeframe at CMP Rs. 218.05

2) GRINDWELL

Buy GRINDWELL shares in intraday timeframe at CMP Rs. 2102.85

3) SUNTV

Buy SUNTV shares in intraday timeframe at CMP Rs. 711.75

4) TEAMLEASE

Buy TEAMLEASE shares in intraday timeframe at CMP Rs. 2902

Top Stocks to Short Today:

1) SHOPERSTOP

Sell SHOPERSTOP shares in intraday timeframe at CMP Rs. 636

2) DEEPAKFERT

Sell DEEPAKFERT shares in intraday timeframe at CMP Rs. 1189.85

3) BORORENEW

Sell BORORENEW shares in intraday timeframe at CMP Rs. 616.1

4) CONCORDBIO

Sell CONCORDBIO shares in intraday timeframe at CMP Rs. 2140.4

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!