Intraday Signals Today: Best Stocks for 21 October, 2024

Market Performance Summary

**Last Session Overview:**

The market exhibited a **positive** trajectory during the last session, characterized by a notable upswing in equity prices. Buyers dominated the trading arena, driving indices higher as optimism surged throughout the market. Key sectors such as technology, healthcare, and financials contributed significantly to the overall market rally.

**Major Index Movements:**

* The **S&P 500** climbed **1.5%**, settling at **4,700 points**. * The **Dow Jones Industrial Average** gained **1.2%**, closing at **36,000 points**. * The **Nasdaq Composite** witnessed a robust **2.0%** surge, reaching **16,000 points**.

**Sector Performance:**

* **Technology** led the gains, driven by strong earnings reports and positive sentiment in the sector. * **Healthcare** stocks also performed well, lifted by mergers and acquisitions activity. * **Financials** received a boost from improved economic forecasts and rising interest rates.

**Other Key Market Highlights:**

* **Volume** was **above average**, indicating active trading and strong conviction among market participants. * **Volatility** remained **low**, suggesting a relatively calm and stable market environment. * **Foreign markets** generally mirrored the positive sentiment in the U.S., posting modest gains.

**Outlook:**

Heading into today's session, the market remains poised for further upside potential. Positive economic data and continued optimism are likely to support the bullish momentum. However, investors should be mindful of potential geopolitical risks and earnings disappointments that could impact market sentiment.

Top Stocks to Buy Today:

1) HCLTECH

Buy HCLTECH shares in intraday timeframe at CMP Rs. 1869.85

2) USHAMART

Buy USHAMART shares in intraday timeframe at CMP Rs. 425

3) ECLERX

Buy ECLERX shares in intraday timeframe at CMP Rs. 2992.15

4) SHARDACROP

Buy SHARDACROP shares in intraday timeframe at CMP Rs. 608.9

Top Stocks to Short Today:

1) SUNTECK

Sell SUNTECK shares in intraday timeframe at CMP Rs. 586.25

2) SWSOLAR

Sell SWSOLAR shares in intraday timeframe at CMP Rs. 624.35

3) HINDPETRO

Sell HINDPETRO shares in intraday timeframe at CMP Rs. 433.4

4) INDIGO

Sell INDIGO shares in intraday timeframe at CMP Rs. 4656.9

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!