Top Intraday Stocks Today

In the preceding session, the market exhibited a tepid performance, with the Nifty opening flat but succumbing to selling pressure throughout the day. The index closed the session with a decline of 1.09%. The Nifty Midcap 100 underperformed its larger counterpart, closing with a significant loss of 2.11%.

Sectorally, the IT and FMCG sectors emerged as the beacons of strength, while the Energy and Metals sectors faced headwinds. The options market revealed a concentration of participants at the 25000 Call and 24000 Put strike prices. The higher call writing observed suggested a bearish undertone.

The trading range was defined by a VWAP range of 24325 to 24785. Max Pain was positioned at 24500 spot, indicating that market participants perceived this level as less likely to be breached. The Put-Call Ratio (PCR) stood at 0.99, indicating a slight overweight of Call options in the market.

Institutional activity witnessed net buying by FIIs, amounting to 1506.12 crore. DIIs, on the other hand, turned net sellers, with activity totaling 461.56 crore. FPI Multi Index Futures activity reflected a broadly negative sentiment, with declines observed across various futures contracts.

Top Stocks to Buy Today:

1) WIPRO

Buy WIPRO shares in intraday timeframe at CMP Rs. 514.45

2) TATAMTRDVR

Buy TATAMTRDVR shares in intraday timeframe at CMP Rs. 673.8

3) CREDITACC

Buy CREDITACC shares in intraday timeframe at CMP Rs. 1233

4) ROUTE

Buy ROUTE shares in intraday timeframe at CMP Rs. 1710

Top Stocks to Short Today:

1) YESBANK

Sell YESBANK shares in intraday timeframe at CMP Rs. 25.6

2) JSWENERGY

Sell JSWENERGY shares in intraday timeframe at CMP Rs. 715.75

3) INFIBEAM

Sell INFIBEAM shares in intraday timeframe at CMP Rs. 28.42

4) RBLBANK

Sell RBLBANK shares in intraday timeframe at CMP Rs. 243.65

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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!