Intraday Trading: Top Stocks Today - 21 August, 2024

Market Performance Overview

The benchmark index closed the session with a marginal decline, extending losses from the last session. The market opened with a positive tone, but selling pressure emerged in the afternoon, pushing the index lower.

**Sectoral Performance**

Most sectors ended in the red, with the technology and healthcare sectors leading the declines. The materials and consumer staples sectors managed to hold steady, providing some support to the broader market.

**Key Movers**

Among the major decliners were technology giants such as Apple and Amazon. The healthcare sector was also weak, with major pharmaceutical companies experiencing losses. On the other hand, stocks in the energy and utilities sectors performed well, aided by rising energy prices and a flight to safety.

**Outlook**

With the market closing near its lows, today's session may start on a cautiously optimistic note. However, investors will continue to monitor geopolitical uncertainties and economic data to gauge the direction of the market. Technical indicators suggest that the index could experience further consolidation in the near term before determining a clear trend.

Top Stocks to Buy Today:

1) SYMPHONY

Buy SYMPHONY shares in intraday timeframe at CMP Rs. 1640

2) BERGEPAINT

Buy BERGEPAINT shares in intraday timeframe at CMP Rs. 566.65

3) NHPC

Buy NHPC shares in intraday timeframe at CMP Rs. 96.13

4) ANGELONE

Buy ANGELONE shares in intraday timeframe at CMP Rs. 2783.35

Top Stocks to Short Today:

1) PNBHOUSING

Sell PNBHOUSING shares in intraday timeframe at CMP Rs. 875

2) GLAND

Sell GLAND shares in intraday timeframe at CMP Rs. 1936.5

3) MUTHOOTFIN

Sell MUTHOOTFIN shares in intraday timeframe at CMP Rs. 1922.3

4) PRSMJOHNSN

Sell PRSMJOHNSN shares in intraday timeframe at CMP Rs. 157.95

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!