Intraday Trading: Top Stocks Today - 26 June, 2024

**Previous Session's Market Assessment**

**Indices:**

The Nifty commenced the session with a positive bias and maintained its momentum throughout. Fluctuating within the 23560-23620 range, it concluded the day near its peak, logging an impressive 0.78% gain.

**Midcap Sector:**

The Nifty Midcap 100 underperformed its larger counterpart, Nifty 50, closing slightly lower by 0.38%.

**Sector Dynamics:**

Banking and Financial Services sectors emerged as the session's top performers, showcasing sustained strength. In contrast, the Realty and Metals sectors encountered headwinds, weighing on overall market sentiment.

**Options Market Pulse:**

Open interest remained elevated, particularly at 24000 Call and 23500 Put. The sentiment remained predominantly bullish, as evidenced by a higher volume of put writing relative to call writing.

**Trading Range and Pivotal Levels:**

The VWAP range oscillated between 23580 and 23790. The Max Pain level was located at 23550 spot, representing a combined premium/pain value of 5118.92 Crores for both CE and PE options.

**Institutional Positions:**

Foreign Institutional Investors (FIIs) played a significant role in the session's positive momentum, emerging as net buyers to the tune of 1175.91 crore. Domestic Institutional Investors (DIIs), however, adopted a cautious stance, becoming net sellers by 149.45 crore.

Top Stocks to Buy Today:

1) VEDL

Buy VEDL shares in intraday timeframe at CMP Rs. 438.95

2) MAPMYINDIA

Buy MAPMYINDIA shares in intraday timeframe at CMP Rs. 2329.95

3) JKPAPER

Buy JKPAPER shares in intraday timeframe at CMP Rs. 530.8

4) RATNAMANI

Buy RATNAMANI shares in intraday timeframe at CMP Rs. 3600.5

Top Stocks to Short Today:

1) MAZDOCK

Sell MAZDOCK shares in intraday timeframe at CMP Rs. 4181

2) GLS

Sell GLS shares in intraday timeframe at CMP Rs. 849.3

3) BDL

Sell BDL shares in intraday timeframe at CMP Rs. 1585.05

4) PNBHOUSING

Sell PNBHOUSING shares in intraday timeframe at CMP Rs. 795.65

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!