Intraday Insights: Stocks to Watch Today

**Previous Trading Session Performance**

The previous session commenced with limited movement, but the Nifty quickly gained momentum, reaching a peak near the end of the day. It ultimately closed considerably higher, logging a significant gain of 1.64%.

In comparison, the Nifty Midcap 100 index trailed behind its benchmark, finishing with a more modest gain of 0.48%.

Certain sectors stood out with strong performances, notably Auto and Banking, which demonstrated resilience throughout the session. However, Pharma and Healthcare faced challenges, resulting in weaker results.

Market sentiment during the previous session was bullish, as evidenced by the option chain analysis. The highest open interest on the call side was concentrated around the 23500/24000 level, while the put side exhibited a focus on the 21000/21500 range. This indicates a greater appetite for call writing than put writing.

The Volume Weighted Average Price (VWAP) suggests a potential trading range for the current session between 22670 and 23115. The Max Pain level is observed at 22700, with a CE/PE Combined Residual Premium/Pain Value of 2081.41 Crores.

In the cash market, Foreign Institutional Investors (FIIs) adopted a buying stance, contributing a net activity of 4670.95 crore. Domestic Institutional Investors (DIIs), on the other hand, remained cautious, engaging in a net buying activity of 146.51 crore.

Top Stocks to Buy Today:

1) VAIBHAVGBL

Buy VAIBHAVGBL shares in intraday timeframe at CMP Rs. 374.55

2) BAYERCROP

Buy BAYERCROP shares in intraday timeframe at CMP Rs. 5316.55

3) CESC

Buy CESC shares in intraday timeframe at CMP Rs. 143.5

4) VEDL

Buy VEDL shares in intraday timeframe at CMP Rs. 467.05

Top Stocks to Short Today:

1) VIJAYA

Sell VIJAYA shares in intraday timeframe at CMP Rs. 775.2

2) SPARC

Sell SPARC shares in intraday timeframe at CMP Rs. 217.1

3) NIITLTD

Sell NIITLTD shares in intraday timeframe at CMP Rs. 101.75

4) SUNDARMFIN

Sell SUNDARMFIN shares in intraday timeframe at CMP Rs. 4575.55

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!