Best Intraday Stocks Today

**Previous Session's Performance**

The current session opened with a positive gap, setting the stage for a largely sideways trading session within a relatively narrow range of 22200-22315. However, as buying activity intensified, the Nifty surpassed the 22350 mark, propelling it to a notable gain of 0.86 percent by the day's close.

The Nifty Midcap 100 index, though lagging behind its larger counterpart, also ended the day on an upward trajectory, notching a modest gain of 0.82 percent.

Among various sectors, PSU Banks and Consumer Durables emerged as the session's top performers, demonstrating significant strength. In contrast to this performance, Media and Metals underperformed, facing challenges that hindered their overall performance throughout the trading session.

An examination of the options market reveals elevated open interest on the call side at the 22600 level, while the put side shows a similar trend at the 22000 level. Notably, the session witnessed a higher level of writing activity in the put options compared to call options, indicating a bullish sentiment prevailing in the market.

According to the Volume Weighted Average Price (VWAP), the potential trading range for today's session may fall within the bounds of 22160 and 22415. The Max Pain level has been identified at the 22300 spot, with a combined residual premium/pain value of 1247.86 Crores for CE/PE options.

In the cash market, foreign institutional investors (FIIs) emerged as net sellers to the tune of 2915.23 crore, while domestic institutional investors (DIIs) also engaged in net selling, with an activity totaling 3542.93 crore.

Top Stocks to Buy Today:

1) UJJIVANSFB

Buy UJJIVANSFB shares in intraday timeframe at CMP Rs. 53.75

2) RALLIS

Buy RALLIS shares in intraday timeframe at CMP Rs. 274.55

3) SAREGAMA

Buy SAREGAMA shares in intraday timeframe at CMP Rs. 421.8

4) GOCOLORS

Buy GOCOLORS shares in intraday timeframe at CMP Rs. 1139.35

Top Stocks to Short Today:

1) ELGIEQUIP

Sell ELGIEQUIP shares in intraday timeframe at CMP Rs. 621

2) SHARDACROP

Sell SHARDACROP shares in intraday timeframe at CMP Rs. 372.05

3) IOC

Sell IOC shares in intraday timeframe at CMP Rs. 171.25

4) PEL

Sell PEL shares in intraday timeframe at CMP Rs. 847.75

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!