Top Stocks to Buy/Sell Today

The trading session commenced with a downward gap, setting a negative tone that persisted throughout the day. The Nifty index closed close to its session low, posting a decline of 1.08 percent.

The Nifty Midcap 100 index underperformed, closing with a loss of 1.24 percent. Across sectors, Banking and Financial Services stood out as a bright spot, while the IT and Media sectors struggled and witnessed a weaker performance.

The options market revealed the highest open interest on the call side at the 22000 strike price, with the put side's highest open interest at 21400. Activity in the call options segment was noticeably higher than in the put options segment, indicative of a bearish market sentiment.

Technical indicators pointed to a potential trading range of 21710 to 21945 for the current session. Max Pain was observed at 21900 with a Combined Residual Premium/Pain Value of 269.89 Crores.

In the cash market, Foreign Institutional Investors (FIIs) emerged as net buyers, with inflows amounting to 1421.48 crores. Domestic Institutional Investors (DIIs) also exhibited net buying activity, contributing a total of 7449.48 crores.

Top Stocks to Buy Today:

1) TORNTPOWER

Buy TORNTPOWER shares in intraday timeframe at CMP Rs. 1237.3

2) MANKIND

Buy MANKIND shares in intraday timeframe at CMP Rs. 2089.05

3) NH

Buy NH shares in intraday timeframe at CMP Rs. 1218.45

4) AJANTPHARM

Buy AJANTPHARM shares in intraday timeframe at CMP Rs. 2097.4

Top Stocks to Short Today:

1) IOB

Sell IOB shares in intraday timeframe at CMP Rs. 58.35

2) MAHLIFE

Sell MAHLIFE shares in intraday timeframe at CMP Rs. 549.5

3) EICHERMOT

Sell EICHERMOT shares in intraday timeframe at CMP Rs. 3907.1

4) ADANIENSOL

Sell ADANIENSOL shares in intraday timeframe at CMP Rs. 1011

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!