Intraday Trading: Top Stocks Today

**Previous Session's Market Performance**

The trading session commenced with an optimistic tone, but selling pressure emerged within the first hour, driving the index beneath the crucial 22950 level. However, a surge in buying activity at lower levels fueled a recovery, propelling the index back above 23000 in the morning.

Later in the session, a wave of profit-taking swept through the markets, erasing the earlier gains. The index settled slightly lower, with a marginal decline of 0.11 percent.

**Sectoral Highlights**

PSU Banks and Realty emerged as the day's star performers, demonstrating resilience and strength. In contrast, Media and Metals underperformed, facing headwinds and posting weaker results throughout the trading period.

**Options Market Insights**

The highest open interest for call options is concentrated at the 23500/24000 strike prices, while on the put side, it is concentrated at 22500/23000. The option chain analysis suggests a greater volume of call writing compared to put writing, indicating a cautious sentiment among market participants.

**Technical Indicators**

The Volume Weighted Average Price (VWAP) suggests that the trading range for today's session may fluctuate between 22885 and 23175. The Max Pain level is identified at 22900 spot, with the combined CE/PE residual premium/pain value hovering around 2267.91 crores.

**Institutional Activity**

In the cash market, Foreign Institutional Investors (FIIs) acted as net sellers, offloading shares worth 541.22 crores. Domestic Institutional Investors (DIIs), on the other hand, exhibited net buying activity, investing 922.6 crores.

Top Stocks to Buy Today:

1) CONCORDBIO

Buy CONCORDBIO shares in intraday timeframe at CMP Rs. 1392

2) ELGIEQUIP

Buy ELGIEQUIP shares in intraday timeframe at CMP Rs. 616.15

3) TV18BRDCST

Buy TV18BRDCST shares in intraday timeframe at CMP Rs. 43.55

4) AEGISCHEM

Buy AEGISCHEM shares in intraday timeframe at CMP Rs. 745.75

Top Stocks to Short Today:

1) NATIONALUM

Sell NATIONALUM shares in intraday timeframe at CMP Rs. 203.75

2) INGERRAND

Sell INGERRAND shares in intraday timeframe at CMP Rs. 4533.8

3) GMMPFAUDLR

Sell GMMPFAUDLR shares in intraday timeframe at CMP Rs. 1303

4) GPPL

Sell GPPL shares in intraday timeframe at CMP Rs. 195.3

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!