Intraday Trading: Top Stocks on NSE Today - 28 June, 2024
**Previous Session's Performance:**
The session witnessed a range-bound start, with the market oscillating within a narrow range. As the session progressed, bullish momentum emerged, propelling the Nifty significantly higher. The index soared close to its daily peak, eventually settling with a notable gain of 0.74%.
**Sectoral Landscape:**
The Energy and IT sectors exhibited remarkable resilience, emerging as top performers. On the other hand, Media and PSU Banks faced headwinds, contributing to their underperformance.
**Options Market Dynamics:**
High levels of Open Interest were observed at 24000 Call and 24000 Put, indicating significant betting activity at that strike price. Sentiment remained bullish, with traders favoring put writing over call writing.
**Trading Range Analysis:**
The VWAP Range extended from 23825 to 24160, reflecting the intraday volatility. Max Pain analysis revealed a level of 24000 spot, with combined premium/pain value of CE/PE standing at 592.62 Crores.
**Institutional Participation:**
FIIs emerged as net buyers, infusing 7658.77 crore into the market. In contrast, DIIs adopted a cautious approach, emerging as net sellers with 3605.93 crore.
Top Stocks to Buy Today:
1) ROUTE
Buy ROUTE shares in intraday timeframe at CMP Rs. 1825.45
2) INDIACEM
Buy INDIACEM shares in intraday timeframe at CMP Rs. 293.24
3) NAM-INDIA
Buy NAM-INDIA shares in intraday timeframe at CMP Rs. 656.9
4) JKPAPER
Buy JKPAPER shares in intraday timeframe at CMP Rs. 548
Top Stocks to Short Today:
1) CDSL
Sell CDSL shares in intraday timeframe at CMP Rs. 2148.5
2) STLTECH
Sell STLTECH shares in intraday timeframe at CMP Rs. 140.09
3) BRIGADE
Sell BRIGADE shares in intraday timeframe at CMP Rs. 1361.7
4) CGCL
Sell CGCL shares in intraday timeframe at CMP Rs. 217.88
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!