Top Stocks to Buy/Sell Today - 24 July, 2024

**Previous Session's Market Review:**

The market exhibited contrasting dynamics during the current session's opening, mirroring the sentiments witnessed on Budget day. Following an initial positive surge, a marked sell-off ensued, driving the index beneath the 24100 threshold. However, a significant recovery ensued, culminating in a near-equilibrium close, with a modest loss of 0.12% marring the day's performance.

**Sectoral Performance:**

In terms of sectoral performance, the FMCG and Consumer Durables sectors emerged as the top performers, showcasing resilience amidst market volatility. Conversely, PSU Banks and Realty sectors lagged behind, weighing on the overall index movement.

**Options Market Analysis:**

The options market reflected a concentration of interest at the 25000 Call and 24000 Put. A heightened level of call-writing activity suggested a negative bias among market participants.

**Trading Range:**

The VWAP range for the session spanned from 24285 to 24635. Max Pain, a key technical indicator, was observed at 24450 spot. Additionally, the Put-Call Ratio (PCR) stood at 0.746.

**Institutional Activity:**

Foreign Institutional Investors (FIIs) acted as net sellers during the session, with their activity amounting to 2975.31 crore. Domestic Institutional Investors (DIIs), on the other hand, displayed a bullish stance, acting as net buyers with a total activity of 1418.82 crore.

**FPI Multi Index Futures Activity:**

FPI activity in index futures was mixed, with FINNIFTY and BANKNIFTY futures experiencing declines, while NIFTYNXT50 futures remained relatively stable.

Top Stocks to Buy Today:

1) VMART

Buy VMART shares in intraday timeframe at CMP Rs. 3524.35

2) SUNDARMFIN

Buy SUNDARMFIN shares in intraday timeframe at CMP Rs. 4522.6

3) POLICYBZR

Buy POLICYBZR shares in intraday timeframe at CMP Rs. 1439

4) SUMICHEM

Buy SUMICHEM shares in intraday timeframe at CMP Rs. 514.2

Top Stocks to Short Today:

1) NIITLTD

Sell NIITLTD shares in intraday timeframe at CMP Rs. 126.51

2) BORORENEW

Sell BORORENEW shares in intraday timeframe at CMP Rs. 562

3) JAMNAAUTO

Sell JAMNAAUTO shares in intraday timeframe at CMP Rs. 127.26

4) RAJESHEXPO

Sell RAJESHEXPO shares in intraday timeframe at CMP Rs. 327.25

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!