Intraday Insights: Stocks to Watch Today - 30 April, 2024

**Previous Session's Performance:**

The session opened with optimism, followed by a steady ascent throughout the day. The Nifty 50 ultimately reached its peak near the closing bell, securing a gain of 1.00 percent.

The Nifty Midcap 100 underperformed its larger counterpart, but nevertheless ended the session in the green with a modest increase of 0.42 percent.

Sectorally, Banking and Financial Services dominated the landscape, while Realty and IT faced challenges, lagging behind the market's overall performance.

**Options Market Sentiment:**

Analysis of the options market revealed the highest call option open interest clustered around the 23000 strike price. Put options saw the greatest interest concentrated at 22500. A closer examination of today's option chain disclosed a higher volume of put writing relative to call writing, suggesting a bullish sentiment among market participants.

**Technical Indicators:**

The Volume Weighted Average Price (VWAP) approximated a potential trading range between 22500 and 22715 for the upcoming day. Max Pain was observed at the 22550 spot with a CE/PE Combined Residual Premium/Pain Value of 633.43 Crores.

**Institutional Activity:**

In the cash market, Foreign Institutional Investors (FIIs) assumed a net buying position with a cumulative transaction volume of 169.09 crore. Domestic Institutional Investors (DIIs), on the other hand, exhibited a more significant net buying activity, totaling 692.05 crore.

Top Stocks to Buy Today:

1) PATANJALI

Buy PATANJALI shares in intraday timeframe at CMP Rs. 1531.85

2) TATACHEM

Buy TATACHEM shares in intraday timeframe at CMP Rs. 1068.5

3) ASTRAL

Buy ASTRAL shares in intraday timeframe at CMP Rs. 2073.25

4) HAVELLS

Buy HAVELLS shares in intraday timeframe at CMP Rs. 1673

Top Stocks to Short Today:

1) KEC

Sell KEC shares in intraday timeframe at CMP Rs. 755.3

2) POONAWALLA

Sell POONAWALLA shares in intraday timeframe at CMP Rs. 498.2

3) KRBL

Sell KRBL shares in intraday timeframe at CMP Rs. 302.55

4) JYOTHYLAB

Sell JYOTHYLAB shares in intraday timeframe at CMP Rs. 432

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!