Best Intraday Stocks Today - 30 October, 2024

Market Overview:

**Last Session Performance:**

The market exhibited a nuanced performance in the last trading session, with both gains and losses across various sectors. The market opened with a cautious undertone, but sentiment gradually improved as the day progressed. By the closing bell, the benchmark indices had managed to recover from early losses and ended the session on a positive note.

**Sectoral Performance:**

Energy and financial sectors emerged as notable gainers, driven by positive news flow and earnings releases. On the other hand, consumer discretionary stocks faced some headwinds, with retail and e-commerce companies seeing profit-taking after recent strong gains. Technology and healthcare stocks performed mixedly, with some companies reporting better-than-expected results while others saw a pullback.

**Technical Analysis:**

From a technical perspective, the market appears to be consolidating within a narrow range. The benchmark indices have formed support and resistance levels that are likely to guide price movements in the ongoing session. A breakout above the resistance level could signal a bullish continuation, while a move below the support level may indicate a bearish shift.

**Outlook for Today's Session:**

Ahead of the current session, the market is expected to open with a cautiously optimistic tone. Positive economic data and earnings releases could provide some support, but investors may also remain cautious due to global uncertainties. Key events to watch out for today include the release of industrial production figures and the Federal Reserve's Beige Book report. Overall, the market is poised for a potentially volatile session with potential opportunities for both gains and risks.

Top Stocks to Buy Today:

1) FSL

Buy FSL shares in intraday timeframe at CMP Rs. 339.1

2) MFSL

Buy MFSL shares in intraday timeframe at CMP Rs. 1268.15

3) INFY

Buy INFY shares in intraday timeframe at CMP Rs. 1826.9

4) ATGL

Buy ATGL shares in intraday timeframe at CMP Rs. 714

Top Stocks to Short Today:

1) KFINTECH

Sell KFINTECH shares in intraday timeframe at CMP Rs. 980.65

2) ORIENTELEC

Sell ORIENTELEC shares in intraday timeframe at CMP Rs. 241.79

3) PNB

Sell PNB shares in intraday timeframe at CMP Rs. 100.57

4) FEDERALBNK

Sell FEDERALBNK shares in intraday timeframe at CMP Rs. 199.21

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!