Best Intraday Stocks Today - 23 December, 2024

**Previous Session Performance:**

The equity benchmarks witnessed a lackluster performance in the last session, with the key indices closing in the red. **Sensex** declined by 236.88 points, or 0.40%, to settle at 59,728.99, while the **Nifty50** lost 75.25 points, or 0.42%, to end the day at 17,773.90.

**Sectoral Performance:**

The majority of **sectoral indices** ended in negative territory. The **auto** sector was the major drag, with its index losing 1.37%, followed by **IT**, which shed 1.06%. **Pharma**, **metals**, and **power** also traded in the red.

**Broader Market:**

The broader market also witnessed profit booking, with the **S&P BSE Smallcap** index declining by 0.67% and the **BSE Midcap** index slipping by 0.42%.

**Technical Outlook:**

From a technical perspective, the Nifty50 formed a bearish candle on the daily chart, indicating a continuation of the correction. The index has breached its key support level of 17,850, which is likely to act as a resistance point in the current session.

**Today's Expectation:**

The market is expected to open with a cautious note today. The key support level for the Nifty50 is seen at 17,700, while the resistance is placed at 17,850. Traders should remain vigilant and monitor the global cues and FII flows to gauge the market sentiment.

Top Stocks to Buy Today:

1) CONCORDBIO

Buy CONCORDBIO shares in intraday timeframe at CMP Rs. 2096.8

2) AETHER

Buy AETHER shares in intraday timeframe at CMP Rs. 880

3) SUNDARMFIN

Buy SUNDARMFIN shares in intraday timeframe at CMP Rs. 4276.25

4) RATNAMANI

Buy RATNAMANI shares in intraday timeframe at CMP Rs. 3269.5

Top Stocks to Short Today:

1) ARE&M

Sell ARE&M shares in intraday timeframe at CMP Rs. 1194

2) MTARTECH

Sell MTARTECH shares in intraday timeframe at CMP Rs. 1681.1

3) EXIDEIND

Sell EXIDEIND shares in intraday timeframe at CMP Rs. 421.6

4) LTTS

Sell LTTS shares in intraday timeframe at CMP Rs. 4838.1

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!