Top Stocks to Buy/Sell Today - 28 March, 2024

**The Previous Session's Market Dynamics**

The session commenced with an upbeat opening, setting a positive tone for the day. Throughout the trading hours, the Nifty exhibited a steady upward trend, showcasing a robust momentum. However, towards the end, profit-taking activities surfaced, leading to a partial correction of the earlier gains. Despite the late selling pressure, the Nifty managed to close on a positive note, securing a modest increase of 0.54 percent.

The Nifty Midcap 100 index, while exhibiting a less robust performance than its broader counterpart, still managed to eke out a marginal gain of 0.06 percent.

Sectorally, Realty and Consumer Durables emerged as the standout performers, exhibiting resilience and strength amidst the overall market dynamics. Conversely, the IT and PSU Banks sectors faced challenges, lagging behind the market and displaying a weaker performance throughout the session.

An analysis of the options market reveals that the highest open interest on the call side resides at the 22500 strike level, while on the put side, it is situated at the 22000 strike level. A closer examination of today's option chain indicates a notable increase in put writing activity compared to call writing, suggesting a bullish market sentiment.

The Volume Weighted Average Price (VWAP) projects a trading range for the current session between 22055 and 22220.

The Max Pain level is observed at 22100 spot, with a CE/PE Combined Residual Premium/Pain Value of 1232.53 Crores.

In the cash market, Foreign Institutional Investors (FIIs) emerged as net buyers, accumulating shares worth a total of 2170.32 crore. Domestic Institutional Investors (DIIs) also exhibited a net buying stance, acquiring shares valued at 1197.61 crore.

Top Stocks to Buy Today:

1) ISEC

Buy ISEC shares in intraday timeframe at CMP Rs. 721.2

2) IDFCFIRSTB

Buy IDFCFIRSTB shares in intraday timeframe at CMP Rs. 75.65

3) CARBORUNIV

Buy CARBORUNIV shares in intraday timeframe at CMP Rs. 1271.75

4) ALKEM

Buy ALKEM shares in intraday timeframe at CMP Rs. 4858.2

Top Stocks to Short Today:

1) PFIZER

Sell PFIZER shares in intraday timeframe at CMP Rs. 4487.05

2) VIPIND

Sell VIPIND shares in intraday timeframe at CMP Rs. 500.95

3) JBMA

Sell JBMA shares in intraday timeframe at CMP Rs. 1831.95

4) IIFL

Sell IIFL shares in intraday timeframe at CMP Rs. 363

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!