Top Intraday Stocks Today - 26 April, 2024

In the previous session, Nifty navigated through a range bound phase between 22310-22475 during the initial hours. Subsequently, it embarked on a steady upward trajectory, culminating in a positive close with a gain of 0.75 percent.

The Nifty Midcap 100 index exhibited a slightly muted performance compared to its benchmark, settling with a 0.47 percent gain.

Sector-wise, PSU Bank and Healthcare emerged as leaders, displaying resilience throughout the session. However, Realty and Consumer Durables encountered resistance, weighing down on their performance.

The options market dynamics suggest that the highest open interest for calls is concentrated at 22900, while puts are primarily concentrated at 22500. Today's option chain reveals a higher level of put writing activity compared to call writing, indicating a prevailing bullish bias in the market.

The Volume Weighted Average Price (VWAP) projects a range between 22365 and 22710 for today's trading session. The Max Pain level is estimated to be 22500 with a Combined Residual Premium/Pain Value of 229.54 Crores for both calls and puts.

In the cash market, Foreign Institutional Investors (FIIs) acted as net sellers, with outflows amounting to 2823.33 crore. Domestic Institutional Investors (DIIs), on the other hand, were net buyers, injecting a total of 6167.56 crore into the market.

Top Stocks to Buy Today:

1) LTTS

Buy LTTS shares in intraday timeframe at CMP Rs. 4760.3

2) ICICIGI

Buy ICICIGI shares in intraday timeframe at CMP Rs. 1701

3) ISEC

Buy ISEC shares in intraday timeframe at CMP Rs. 728.4

4) SCHAEFFLER

Buy SCHAEFFLER shares in intraday timeframe at CMP Rs. 3226.8

Top Stocks to Short Today:

1) TECHM

Sell TECHM shares in intraday timeframe at CMP Rs. 1309.3

2) EIHOTEL

Sell EIHOTEL shares in intraday timeframe at CMP Rs. 468.95

3) ZOMATO

Sell ZOMATO shares in intraday timeframe at CMP Rs. 187.75

4) CRISIL

Sell CRISIL shares in intraday timeframe at CMP Rs. 4563.15

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!