Buy or Sell: Intraday Stocks Today

The current trading session concluded on a positive note, marking a continuation of the upward trend. Nifty's steadfast ascent was briefly interrupted by profit-taking towards the session's end, but it ultimately managed to close higher, marking a solid gain of 0.39 percent.

In comparison, the Nifty Midcap 100 showcased stronger performance, closing with an impressive growth of 0.59 percent. Select sectors achieved notable gains, with Auto and Realty emerging as standout performers. However, IT and Energy sectors faced headwinds, hindering their growth.

Options market dynamics suggest a bullish sentiment. High open interest concentrations on both the call and put sides, at 22500 and 22000 respectively, indicate a balanced sentiment. However, increased put writing activity hints at a cautious stance among traders.

Technical indicators suggest a potential trading range between 21990 and 22255 for today's session. The Max Pain equilibrium point rests at 22100, with a combined residual premium of 1600.52 Crores.

In the cash market, Foreign Institutional Investors (FIIs) reduced their positions with net selling activity worth 3309.76 crores, while Domestic Institutional Investors (DIIs) remained optimistic, exhibiting net buying of 3764.87 crores.

Top Stocks to Buy Today:

1) SCHAEFFLER

Buy SCHAEFFLER shares in intraday timeframe at CMP Rs. 2944.3

2) SKFINDIA

Buy SKFINDIA shares in intraday timeframe at CMP Rs. 4268.6

3) TATAMTRDVR

Buy TATAMTRDVR shares in intraday timeframe at CMP Rs. 653.85

4) GRINDWELL

Buy GRINDWELL shares in intraday timeframe at CMP Rs. 1986

Top Stocks to Short Today:

1) MFSL

Sell MFSL shares in intraday timeframe at CMP Rs. 994.35

2) HDFCLIFE

Sell HDFCLIFE shares in intraday timeframe at CMP Rs. 635.95

3) CSBBANK

Sell CSBBANK shares in intraday timeframe at CMP Rs. 348.85

4) IRFC

Sell IRFC shares in intraday timeframe at CMP Rs. 143.5

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!