Top Stocks to Buy/Sell Today - 23 July, 2024

**Previous Session's Performance**

**Nifty:**

The market commenced on a bearish note, yet swiftly rallied during the opening hours. It fluctuated between a range of 24465-24595, ultimately settling flat with a minimal decline of 0.09%.

**Nifty Midcap 100:**

Outperforming the benchmark index, Nifty Midcap 100 closed with a substantial gain of 1.28%, demonstrating the resilience of mid-cap stocks.

**Sectoral Rotation:**

**Top Performers:**

Auto and Healthcare sectors led the market, benefiting from positive developments and investor optimism.

**Lagging Sectors:**

Energy and Realty sectors underperformed, facing headwinds and dampened investor sentiment.

**Options Market Dynamics:**

**Open Interest:**

Notable concentration was observed at the 25000 Call and 24000 Put options. The elevated Call writing activity suggested a bearish undertone in the market.

**Trading Parameters:**

VWAP Range: 24285-24730 Max Pain: 24500 Put-Call Ratio (PCR): 0.88

**Institutional Participation:**

FIIs maintained their buying stance, contributing a net inflow of 3444.06 crore. DIIs, on the other hand, were net sellers, with an outflow of 1652.34 crore.

**Futures Activity:**

FII positions in key index futures indicated a mixed sentiment, with a bearish bias in FINNIFTY and BANKNIFTY futures, while MIDCPNIFTY and NIFTYNXT50 futures witnessed buying pressure.

Top Stocks to Buy Today:

1) DEVYANI

Buy DEVYANI shares in intraday timeframe at CMP Rs. 174.98

2) ZYDUSWELL

Buy ZYDUSWELL shares in intraday timeframe at CMP Rs. 2227

3) JUBLPHARMA

Buy JUBLPHARMA shares in intraday timeframe at CMP Rs. 719.7

4) AIAENG

Buy AIAENG shares in intraday timeframe at CMP Rs. 4371.4

Top Stocks to Short Today:

1) TORNTPOWER

Sell TORNTPOWER shares in intraday timeframe at CMP Rs. 1542.35

2) FEDERALBNK

Sell FEDERALBNK shares in intraday timeframe at CMP Rs. 198.5

3) SUZLON

Sell SUZLON shares in intraday timeframe at CMP Rs. 57.52

4) PPLPHARMA

Sell PPLPHARMA shares in intraday timeframe at CMP Rs. 153.92

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!

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