Best Intraday Stocks Today - 24 February, 2025
Lets delve into the hottest stocks for today with potential buying opportunities, along with those that might be primed for shorting based on technical analysis. Explore top intraday stocks today for 24 February, 2025
Market Performance
The equity market experienced a volatile session in the last trading session as market participants grappled with a mixed bag of economic data and geopolitical uncertainties. The benchmark index opened with a gap-up before extending its gains in the first half of the session. However, selling pressure emerged in the afternoon, pushing the index lower. Ultimately, the index closed the session marginally higher, reflecting a cautious and indecisive market sentiment.
**Sectoral Performance**
Sector-wise, the market witnessed divergent trends. The IT and healthcare sectors led the gains, bolstered by strong corporate earnings and positive industry outlook. On the other hand, the banking and metal sectors underperformed, weighed down by concerns over rising interest rates and global economic slowdown.
**Key Drivers**
Several factors influenced the market's performance in the last session:\n\n
* **Corporate Earnings:** Positive earnings reports from key companies in the IT and healthcare sectors boosted investor sentiment. * **Geopolitical Uncertainties:** Ongoing tensions between Russia and Ukraine continued to weigh on market sentiment, raising concerns about global economic stability. * **Interest Rate Hikes:** Expectations of further interest rate hikes by central banks around the world dampened risk appetite.
**Outlook**
Heading into the current session, market participants will continue to monitor key economic data and geopolitical developments for direction. The release of inflation figures and retail sales data could influence sentiment. Additionally, the upcoming earnings season will provide further insights into corporate health and economic conditions. Investors are likely to remain cautious until there is greater clarity on the global economic outlook and geopolitical risks.
Top Stocks to Buy Today:
1) GRINFRA
Buy GRINFRA shares in intraday timeframe at CMP Rs. 1038.35
2) CGCL
Buy CGCL shares in intraday timeframe at CMP Rs. 170.55
3) CIEINDIA
Buy CIEINDIA shares in intraday timeframe at CMP Rs. 410.3
4) ECLERX
Buy ECLERX shares in intraday timeframe at CMP Rs. 3075.65
Top Stocks to Short Today:
1) LTTS
Sell LTTS shares in intraday timeframe at CMP Rs. 4886
2) ROSSARI
Sell ROSSARI shares in intraday timeframe at CMP Rs. 628.85
3) TCI
Sell TCI shares in intraday timeframe at CMP Rs. 972.9
4) SONATSOFTW
Sell SONATSOFTW shares in intraday timeframe at CMP Rs. 400.8
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!