Intraday Trading: Top Stocks on NSE Today - 27 June, 2024
**Market Recap: Previous Session**
The previous session witnessed a steady ascent in the market, with the Nifty index opening flat and gradually climbing throughout the day. It closed near its high point, registering a gain of approximately 0.62%. However, the Nifty Midcap 100 underperformed its larger counterpart, ending the session with a decline of 0.22%.
**Sector Performance**
The Energy and Media sectors emerged as the standout performers, exhibiting resilience and momentum. In contrast, the Realty and Metals sectors faced challenges, weighing on the broader market sentiment.
**Options Market Insights**
Open interest remained elevated in the 24000 Call and 23500 Put options, indicating a cautious undertone among market participants. The sentiment leaned slightly bearish, with a higher volume of call writing relative to put writing.
**Trading Range**
The VWAP range for the previous session extended from 23725 to 23955. Max Pain was observed at 23700 spot, with combined CE/PE premium/pain value amounting to approximately 5376.86 Crores.
**Institutional Activity**
Foreign Institutional Investors (FIIs) acted as net sellers to the tune of 3535.43 crore. Domestic Institutional Investors (DIIs), on the other hand, played a counterbalancing role, emerging as net buyers with a contribution of 5103.67 crore.
Top Stocks to Buy Today:
1) ACI
Buy ACI shares in intraday timeframe at CMP Rs. 664
2) JKPAPER
Buy JKPAPER shares in intraday timeframe at CMP Rs. 541.95
3) GODREJPROP
Buy GODREJPROP shares in intraday timeframe at CMP Rs. 3037.35
4) GODREJCP
Buy GODREJCP shares in intraday timeframe at CMP Rs. 1383
Top Stocks to Short Today:
1) KEC
Sell KEC shares in intraday timeframe at CMP Rs. 916.7
2) INDIACEM
Sell INDIACEM shares in intraday timeframe at CMP Rs. 283.79
3) CGCL
Sell CGCL shares in intraday timeframe at CMP Rs. 218.81
4) POLICYBZR
Sell POLICYBZR shares in intraday timeframe at CMP Rs. 1388.05
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!