Best Intraday Stocks Today

During the previous market session, the Nifty opened on a positive note but gradually descended throughout the trading hours, ultimately closing near its intraday low, marking a modest decline of 0.19 percent.

The Nifty Midcap 100 index exhibited a weaker performance in comparison to its broader counterpart, concluding the session with a loss of 0.89 percent.

Within the sectoral spectrum, Pharma and Healthcare sectors emerged as notable performers, demonstrating resilience and posting gains. In contrast, Realty and PSU Banks encountered challenges and lagged behind, exhibiting weaker performance throughout the trading day.

An analysis of the options market suggests that open interest is highest at the 23500/24000 call strike and the 22500 put strike. Today's option chain analysis reveals a greater volume of call writing relative to put writing, indicating a cautious or bearish sentiment among market participants.

The Volume Weighted Average Price (VWAP) suggests a trading range between 22865 and 23110 for the current session. The Max Pain level is observed at 22900, with the combined residual premium/pain value of CE/PE at 2070.06 Crores.

In the cash market, Foreign Institutional Investors (FIIs) acted as net buyers, contributing to a total activity of 65.57 crores. Domestic Institutional Investors (DIIs) also displayed net buying activity, totaling 3231.67 crores.

Top Stocks to Buy Today:

1) ESCORTS

Buy ESCORTS shares in intraday timeframe at CMP Rs. 3808.45

2) UJJIVANSFB

Buy UJJIVANSFB shares in intraday timeframe at CMP Rs. 51

3) PNBHOUSING

Buy PNBHOUSING shares in intraday timeframe at CMP Rs. 733.6

4) GNFC

Buy GNFC shares in intraday timeframe at CMP Rs. 655.9

Top Stocks to Short Today:

1) CAMPUS

Sell CAMPUS shares in intraday timeframe at CMP Rs. 269.75

2) CONCORDBIO

Sell CONCORDBIO shares in intraday timeframe at CMP Rs. 1470

3) NBCC

Sell NBCC shares in intraday timeframe at CMP Rs. 145.15

4) EIHOTEL

Sell EIHOTEL shares in intraday timeframe at CMP Rs. 443.35

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!