Intraday Trading: Top Stocks on NSE Today - 26 July, 2024
Attention all active traders! Ready to seize the day's market fluctuations in the high-speed realm of intraday trading on the NSE/BSE? Explore top intraday stocks today for 26 July, 2024
**Previous Session's Market Recap**
The market witnessed a dynamic trading session, marked by initial pressure followed by a gradual recovery. Nifty opened with a gap-down start but managed to pare most of its losses by the end of the session, eventually closing marginally in the red by 0.03%.
**Sectoral Performance**
The Energy and Auto sectors emerged as the standout performers during the previous session. On the other hand, the Metals and Private Banks sectors lagged behind, dragging down the overall market sentiment.
**Options Market Dynamics**
Notable concentrations of open interest were observed at the 24500 Call and 24000 Put. This suggests elevated levels of activity at these strike prices.
**Trading Range**
The VWAP range for the previous session spanned from 24230 to 24555. Max Pain stood at 24400, while the Put-Call Ratio (PCR) settled at 0.948, indicating a slightly bullish bias.
**Institutional Activity**
Foreign Institutional Investors (FIIs) emerged as net sellers during the previous session, registering an aggregate outflow of 2605.49 crore. Domestic Institutional Investors (DIIs), on the other hand, were net buyers, infusing a total of 2431.69 crore into the market.
**FPI Multi Index Futures Activity**
As of the close of the previous session, FPI activity in key index futures was as follows:
* FINNIFTY FUTURES: 147 * BANKNIFTY FUTURES: -48322 * MIDCPNIFTY FUTURES: 3376 * NIFTYNXT50 FUTURES: -2 * NIFTY FUTURES: 6324
Top Stocks to Buy Today:
1) CYIENT
Buy CYIENT shares in intraday timeframe at CMP Rs. 1747.75
2) FEDERALBNK
Buy FEDERALBNK shares in intraday timeframe at CMP Rs. 197.57
3) AUBANK
Buy AUBANK shares in intraday timeframe at CMP Rs. 638.65
4) RAMCOCEM
Buy RAMCOCEM shares in intraday timeframe at CMP Rs. 803.2
Top Stocks to Short Today:
1) MANKIND
Sell MANKIND shares in intraday timeframe at CMP Rs. 2101
2) ADANIGREEN
Sell ADANIGREEN shares in intraday timeframe at CMP Rs. 1841
3) HINDALCO
Sell HINDALCO shares in intraday timeframe at CMP Rs. 657.35
4) TATAPOWER
Sell TATAPOWER shares in intraday timeframe at CMP Rs. 435.85
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!