Top Intraday Stocks Today - 21 May, 2024
**Previous Session's Context**\n\n
During the previous session, the Nifty exhibited a resilient performance, fluctuating within a narrow range before concluding with a modest gain of 0.16 percent. The Nifty Midcap 100 index also showcased strength, outperforming the Nifty 50 with a gain of 0.51 percent.\n\n
Sectorally, Media and Realty emerged as the standout performers, demonstrating robust growth. However, Banking and Financial Services encountered challenges, displaying a weaker showing throughout the trading day.\n\n
The options market hinted at a mildly bullish sentiment, with a higher volume of put writing relative to call writing. The highest open interest was observed at the 23000 level for calls and 22400 for puts.\n\n
The Volume Weighted Average Price (VWAP) indicated a potential trading range between 22375 and 22525 for the current session. The Max Pain was noted at 22450 spot, with a combined CE/PE residual premium/pain value of 504.37 Crores.\n\n
In the cash market, Foreign Institutional Investors (FIIs) engaged in net selling, amounting to 92.95 crore. Domestic Institutional Investors (DIIs) also exhibited a net selling stance, totaling 152.87 crore.
Top Stocks to Buy Today:
1) AETHER
Buy AETHER shares in intraday timeframe at CMP Rs. 819.4
2) MINDACORP
Buy MINDACORP shares in intraday timeframe at CMP Rs. 425.85
3) MAXHEALTH
Buy MAXHEALTH shares in intraday timeframe at CMP Rs. 841.75
4) SOBHA
Buy SOBHA shares in intraday timeframe at CMP Rs. 1751.4
Top Stocks to Short Today:
1) SYRMA
Sell SYRMA shares in intraday timeframe at CMP Rs. 407.6
2) SHYAMMETL
Sell SHYAMMETL shares in intraday timeframe at CMP Rs. 642.25
3) KIMS
Sell KIMS shares in intraday timeframe at CMP Rs. 1911
4) POLYMED
Sell POLYMED shares in intraday timeframe at CMP Rs. 1755
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!