Intraday Signals Today: Best Stocks for 22 August, 2024
Lets delve into the hottest stocks for today with potential buying opportunities, along with those that might be primed for shorting based on technical analysis. Here we present best intraday stocks to buy on 22 August, 2024!
**Market Performance: At a Glance**
The stock market exhibited a positive trajectory during the last session, characterized by steady gains across various indices. The market opened on a buoyant note and maintained its upward momentum throughout the day, reflecting investor optimism.
Key Indices Performance:
* The benchmark indices, such as the [Index A], [Index B], and [Index C], recorded significant gains, advancing by [Percentage A], [Percentage B], and [Percentage C], respectively. * Sector-wise, [Sector A] outperformed the broader market, with notable increases in [Company A] and [Company B]. * Conversely, [Sector B] experienced a slight decline, primarily due to profit-taking in [Company C] and [Company D].
Factors Driving Market Sentiment:
* Economic data released this morning showed signs of improving consumer spending and business confidence, bolstering investor sentiment. * Positive earnings reports from several major corporations also contributed to the market's uptick. * Geopolitical uncertainties, which had previously weighed on market sentiment, appeared to abate, allaying investor concerns.
Outlook for Today's Session:
Technical indicators suggest that the market remains in a bullish phase, with the potential for further gains in the current session. However, investors are advised to exercise caution and monitor market news closely, as macroeconomic factors and geopolitical events can influence market direction.
Top Stocks to Buy Today:
1) SUNDRMFAST
Buy SUNDRMFAST shares in intraday timeframe at CMP Rs. 1339.65
2) APOLLOTYRE
Buy APOLLOTYRE shares in intraday timeframe at CMP Rs. 507.3
3) CONCORDBIO
Buy CONCORDBIO shares in intraday timeframe at CMP Rs. 1619.35
4) HFCL
Buy HFCL shares in intraday timeframe at CMP Rs. 145.5
Top Stocks to Short Today:
1) KALYANKJIL
Sell KALYANKJIL shares in intraday timeframe at CMP Rs. 587.35
2) KAJARIACER
Sell KAJARIACER shares in intraday timeframe at CMP Rs. 1361.05
3) GRINFRA
Sell GRINFRA shares in intraday timeframe at CMP Rs. 1580.85
4) GLAND
Sell GLAND shares in intraday timeframe at CMP Rs. 1922.55
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!