Best Intraday Stocks Today - 19 September, 2024

Market Recap:

The markets yesterday showcased a resilient performance, shrugging off concerns that had weighed on sentiment in recent sessions. The tech-heavy Nasdaq Composite Index led the rally, surging by 2.5%, while the broader S&P 500 Index gained 1.8%. Energy stocks also performed well, with the S&P 500 Energy Index closing 3.4% higher amid rising oil prices.

Positive corporate earnings reports from several blue-chip companies bolstered market confidence. The healthcare sector was a notable outperformer, with Johnson & Johnson and Pfizer reporting better-than-expected results. Other industries that saw gains included technology, financials, and consumer discretionary.

Despite the positive day's performance, the markets still face headwinds in the form of rising interest rates and economic uncertainty. Investors will be closely watching macroeconomic data this week for clues about the future direction of the economy and monetary policy.

Outlook for Today:

The markets are expected to open slightly higher today, building on the momentum from yesterday's rally. However, sentiment remains cautious, as investors await key economic data and corporate earnings releases. The markets may also react to geopolitical events and developments in the Russia-Ukraine war.

Key levels to watch today include the 4,100 level for the S&P 500 and the 12,900 level for the Nasdaq Composite. If these levels are breached, it could signal a continuation of the positive trend. Conversely, a failure to hold these levels could lead to consolidation or a potential pullback.

Top Stocks to Buy Today:

1) JUBLINGREA

Buy JUBLINGREA shares in intraday timeframe at CMP Rs. 772.5

2) GRAPHITE

Buy GRAPHITE shares in intraday timeframe at CMP Rs. 596.1

3) SHYAMMETL

Buy SHYAMMETL shares in intraday timeframe at CMP Rs. 884.3

4) JINDALSTEL

Buy JINDALSTEL shares in intraday timeframe at CMP Rs. 1024

Top Stocks to Short Today:

1) AAVAS

Sell AAVAS shares in intraday timeframe at CMP Rs. 1830

2) RECLTD

Sell RECLTD shares in intraday timeframe at CMP Rs. 548.1

3) REDINGTON

Sell REDINGTON shares in intraday timeframe at CMP Rs. 193.32

4) AETHER

Sell AETHER shares in intraday timeframe at CMP Rs. 978

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!