Intraday Signals: Top Intraday Trades to make today - 24 December, 2024
Market Performance
The market exhibited a **positive** trajectory in the last session, marking an upbeat start to the current session. Key indices surged, reflecting investor sentiment and expectations for continued growth. Bulls remained in control, driving prices higher and extending the market's upward momentum. Notably, the benchmark index recorded a significant gain, signaling a potential extension of the prevailing bullish trend.
**Sectoral Analysis**
**Technology** stocks continued to shine, with several companies announcing positive earnings and strategic partnerships. **Healthcare** and **Consumer Discretionary** sectors also performed well, driven by strong demand for essential products and services. However, **Utilities** and **Telecommunications** sectors faced some headwinds, limiting their overall contribution to the market's rise.
**Investor Sentiment**
Risk appetite remains elevated among investors, who are buoyed by positive economic indicators and expectations of further stimulus measures. The market's resilience in the face of geopolitical uncertainties and concerns over rising inflation has further fueled optimism. Analysts predict that the current session is likely to build on the gains made in the last session, with continued support from domestic and global investors.
**Outlook for Today**
The market is poised for a **positive** opening in the current session. Positive cues from overseas markets, along with the persistence of bullish sentiment, are expected to provide further impetus for the market's upward trajectory. Investors should monitor key economic data releases and earnings reports to gauge the market's future direction.
Top Stocks to Buy Today:
1) LALPATHLAB
Buy LALPATHLAB shares in intraday timeframe at CMP Rs. 2924.55
2) GICRE
Buy GICRE shares in intraday timeframe at CMP Rs. 472.8
3) NIACL
Buy NIACL shares in intraday timeframe at CMP Rs. 198.5
4) JUBLPHARMA
Buy JUBLPHARMA shares in intraday timeframe at CMP Rs. 1068
Top Stocks to Short Today:
1) SWSOLAR
Sell SWSOLAR shares in intraday timeframe at CMP Rs. 461.5
2) JBMA
Sell JBMA shares in intraday timeframe at CMP Rs. 1653.1
3) PRINCEPIPE
Sell PRINCEPIPE shares in intraday timeframe at CMP Rs. 407.05
4) KEI
Sell KEI shares in intraday timeframe at CMP Rs. 4177.95
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!