Top Intraday Stocks Today - 21 March, 2024

Team Stratzy -

Amidst the ebb and flow of market forces, the current session witnessed the Nifty navigate a dynamic range, oscillating between 21710 and 21930. Ultimately, the benchmark settled with a modest uptick of 0.10 percent.

The Nifty Midcap 100's performance faltered slightly, with a marginal decline of 0.10 percent.

Among the various sectors, Energy and Realty emerged as beacons of strength, driving market sentiment. Metals and Financial Services, on the other hand, faced challenges, underperforming their peers.

The options market reveals a concentration of call open interest at 22000 and put open interest at 21500. Notably, today's options chain indicates a pronounced bias towards put writing, suggesting an undercurrent of bullishness.

The Volume Weighted Average Price (VWAP) establishes a potential trading range for today's session between 21725 and 21970. Max Pain currently rests at 21850 spot, with a combined residual premium/pain value of 248.69 Crores.

In the cash segment, Foreign Institutional Investors (FIIs) assumed the role of net sellers, offloading shares worth 2599.19 crore. Domestic Institutional Investors (DIIs), conversely, exhibited net buying activity, investing 2667.52 crore.

Top Stocks to Buy Today:

1) POLYMED

Buy POLYMED shares in intraday timeframe at CMP Rs. 1513.35

2) RADICO

Buy RADICO shares in intraday timeframe at CMP Rs. 1643.95

3) VMART

Buy VMART shares in intraday timeframe at CMP Rs. 1990.65

4) PRAJIND

Buy PRAJIND shares in intraday timeframe at CMP Rs. 520.2

Top Stocks to Short Today:

1) SAIL

Sell SAIL shares in intraday timeframe at CMP Rs. 128.35

2) IOB

Sell IOB shares in intraday timeframe at CMP Rs. 58.95

3) CENTRALBK

Sell CENTRALBK shares in intraday timeframe at CMP Rs. 59.05

4) PRINCEPIPE

Sell PRINCEPIPE shares in intraday timeframe at CMP Rs. 546.2

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!