Buy or Sell: Intraday Stocks Today

As the market session unfolded, the Nifty initially surged with enthusiasm. However, a wave of profit-taking emerged near the 22475 threshold, causing a subsequent dip that pushed the Nifty below 22400. Despite this temporary setback, the Nifty managed to regain some ground, ultimately closing marginally higher by 0.15 percent, settling near the day's low.

In comparison to the Nifty 50, the Nifty Midcap 100 index outperformed, recording a positive gain of 0.76 percent. Within the sectoral landscape, Metals and Healthcare emerged as beacons of strength, showcasing resilience throughout the trading session. In contrast, IT and Media faced challenges, resulting in weaker performance.

An examination of the options market reveals that the highest open interest for call options lies at the 22500 level, while for put options, it resides at 22000. Furthermore, an analysis of today's option chain indicates a heightened level of call writing activity relative to put writing, suggesting a cautious outlook in the market.

The Volume Weighted Average Price (VWAP) predicts a probable trading range for the current session between 22345 and 22490. The Max Pain is identified at 22350 spot, with a CE/PE Combined Residual Premium/Pain Value of 1065.32 Crores.

In the cash market, Foreign Institutional Investors (FIIs) acted as net sellers, accounting for an activity worth 2511.74 crore. Domestic Institutional Investors (DIIs), however, exhibited a net buying stance, with an activity totaling 3809.90 crore.

Top Stocks to Buy Today:

1) INDHOTEL

Buy INDHOTEL shares in intraday timeframe at CMP Rs. 597.8

2) JUBLPHARMA

Buy JUBLPHARMA shares in intraday timeframe at CMP Rs. 691.2

3) WHIRLPOOL

Buy WHIRLPOOL shares in intraday timeframe at CMP Rs. 1509

4) CHEMPLASTS

Buy CHEMPLASTS shares in intraday timeframe at CMP Rs. 497.15

Top Stocks to Short Today:

1) STLTECH

Sell STLTECH shares in intraday timeframe at CMP Rs. 137.7

2) DELHIVERY

Sell DELHIVERY shares in intraday timeframe at CMP Rs. 451.15

3) THERMAX

Sell THERMAX shares in intraday timeframe at CMP Rs. 4404.95

4) CSBBANK

Sell CSBBANK shares in intraday timeframe at CMP Rs. 411.25

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!