Intraday Trading: Top Stocks on NSE Today - 22 April, 2024

**Previous Session's Performance:**

In the previous session's trading activity, the Nifty exhibited a robust performance, making gains throughout the course. Despite opening with a slight decline, the index rallied steadily higher, culminating in a near-peak closure with a commendable gain of 0.69 percent.

However, the Nifty Midcap 100 index exhibited a contrasting trend, failing to keep pace with the broader market. It ended the session in negative territory, incurring a loss of 0.61 percent.

Sectoral dynamics showcased a divergence, with Banking and Financial Services sectors emerging as the frontrunners, showcasing resilience and strength. In contrast, Media and Realty encountered challenges, trailing behind with weaker performances throughout the trading session.

**Options Market Sentiment:**

The options market provided insights into the current sentiment prevailing in the market. Observations revealed a higher open interest on the call side at the 22500 level, while the put side exhibited its highest concentration at 22000. A comparative analysis of call and put writing activities suggested a bullish sentiment, with put writing activities dominating over call writing activities.

**Technical Indicators:**

The Volume Weighted Average Price (VWAP) hinted at a trading range for the current session between 21910 and 22290. The Max Pain, a crucial indicator, was identified at 22200 spot with the CE/PE Combined Residual Premium/Pain Value pegged at 1341.32 Crores.

**Institutional Flows:**

Analysis of institutional activities revealed that Foreign Institutional Investors (FIIs) assumed a net buyer stance, with an overall activity of 129.39 crore. On the other hand, Domestic Institutional Investors (DIIs) took a net seller position, exhibiting an activity of 52.50 crore.

Top Stocks to Buy Today:

1) IDEA

Buy IDEA shares in intraday timeframe at CMP Rs. 12.4

2) NATCOPHARM

Buy NATCOPHARM shares in intraday timeframe at CMP Rs. 1013

3) VAIBHAVGBL

Buy VAIBHAVGBL shares in intraday timeframe at CMP Rs. 369.3

4) SONACOMS

Buy SONACOMS shares in intraday timeframe at CMP Rs. 674.8

Top Stocks to Short Today:

1) VOLTAS

Sell VOLTAS shares in intraday timeframe at CMP Rs. 1338.1

2) UTIAMC

Sell UTIAMC shares in intraday timeframe at CMP Rs. 938.3

3) TRIVENI

Sell TRIVENI shares in intraday timeframe at CMP Rs. 339.05

4) LUPIN

Sell LUPIN shares in intraday timeframe at CMP Rs. 1597

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!