Intraday Trading: Top Stocks Today - 25 July, 2024

**Market Pulse from the Recent Trading Session:**

The previous session unveiled a cautious start for the markets, with the Nifty opening in the red. However, the tide began to shift around the 24300 mark, leading to a gradual recovery. Despite the positive momentum, the session concluded with a moderate decline of 0.27%.

While the broader Nifty navigated the session with relative stability, the Nifty Midcap 100 displayed an impressive performance, registering a notable gain of 1.04%. This divergence in performance suggests a selective rotation of funds towards mid-cap stocks.

**Sectoral Dynamics:**

The energy and media sectors emerged as the frontrunners, showcasing resilience amid the prevailing volatility. Conversely, banking and financial services stocks encountered headwinds, weighing on their overall performance.

**Options Market Insights:**

Analysis of the options market revealed a concentration of open interest at the 24800 call and 24000 put strike prices. The prevalence of higher call writing activity indicates a slightly bearish undertone in market sentiment.

**Trading Parameters:**

The VWAP range for the session fluctuated between 24295 and 24490, providing insights into the average price trajectory. The Max Pain level was established at 24400 spot, indicating the level at which the maximum number of options contracts would expire worthless. The Put-Call Ratio (PCR) stood at 0.755, suggesting a relatively balanced sentiment between buyers and sellers of options.

**Institutional Participation:**

Foreign Institutional Investors (FIIs) adopted a net selling stance, contributing to a net outflow of 5130.9 crore. On the other hand, Domestic Institutional Investors (DIIs) played the role of net buyers, infusing 3137.3 crore into the markets. This divergence in institutional activity highlights the contrasting viewpoints on the near-term market outlook.

**Index Futures Position:**

FINNIFTY FUTURES: -4 BANKNIFTY FUTURES: -61286 MIDCPNIFTY FUTURES: 3777 NIFTYNXT50 FUTURES: 18 NIFTY FUTURES: 14437

These futures positions provide a glimpse into the positioning of market participants ahead of the current session. The negative figures indicate a bearish sentiment towards the respective indices.

Please note that the information provided is for educational purposes only and should not be construed as investment advice.

Top Stocks to Buy Today:

1) PIIND

Buy PIIND shares in intraday timeframe at CMP Rs. 3981.8

2) SONATSOFTW

Buy SONATSOFTW shares in intraday timeframe at CMP Rs. 720.65

3) MAXHEALTH

Buy MAXHEALTH shares in intraday timeframe at CMP Rs. 924

4) AAVAS

Buy AAVAS shares in intraday timeframe at CMP Rs. 1741.25

Top Stocks to Short Today:

1) TCI

Sell TCI shares in intraday timeframe at CMP Rs. 973.8

2) SONACOMS

Sell SONACOMS shares in intraday timeframe at CMP Rs. 704.6

3) VGUARD

Sell VGUARD shares in intraday timeframe at CMP Rs. 474.55

4) SWANENERGY

Sell SWANENERGY shares in intraday timeframe at CMP Rs. 718.5

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!