Buy or Sell: Intraday Stocks Today - 31 July, 2024

**Previous Session Recap:**

The market commenced the day on a subdued note, fluctuating around the opening levels. However, as the session progressed, Nifty gathered momentum, posting steady gains throughout. However, the momentum faltered towards the closing hour due to profit-taking activities, leading to a modest appreciation of 0.09% for the index. The Nifty Midcap 100 exhibited stronger performance, concluding the day with a gain of 0.45%.

**Sector Spotlight:**

Consumer Durables and Media emerged as standout sectors, demonstrating significant gains. Conversely, Healthcare and FMCG sectors faced headwinds, registering losses.

**Options Market Insights:**

Notable concentration of Open Interest was observed at the 25000 Call and 24500 Put strike prices. The prevalence of put writing over call writing suggested a generally bullish sentiment among market participants.

**Trading Range:**

Throughout the session, the VWAP (Volume-Weighted Average Price) range fluctuated between 24735 and 25010. The Max Pain level was established at 24800, indicating the price point where both option buyers and sellers could potentially incur maximum losses. The Put-Call Ratio (PCR) stood at 1.089, hinting at a marginally bullish bias.

**Institutional Activity:**

Foreign Institutional Investors (FIIs) emerged as net sellers, with a total transaction volume of 5598.64 crore. Conversely, Domestic Institutional Investors (DIIs) played a countervailing role, acting as net buyers with an activity totaling 5565.10 crore.

**FPI Multi Index Futures Activity:**

Index futures witnessed mixed sentiments among Foreign Portfolio Investors (FPIs):

- FINNIFTY FUTURES: -1153 - BANKNIFTY FUTURES: 3628 - MIDCPNIFTY FUTURES: 1857 - NIFTYNXT50 FUTURES: 37 - NIFTY FUTURES: 708

Top Stocks to Buy Today:

1) EPIGRAL

Buy EPIGRAL shares in intraday timeframe at CMP Rs. 1785

2) BSE

Buy BSE shares in intraday timeframe at CMP Rs. 2527

3) FINEORG

Buy FINEORG shares in intraday timeframe at CMP Rs. 5632.6

4) SONATSOFTW

Buy SONATSOFTW shares in intraday timeframe at CMP Rs. 750.65

Top Stocks to Short Today:

1) LODHA

Sell LODHA shares in intraday timeframe at CMP Rs. 1333.9

2) VMART

Sell VMART shares in intraday timeframe at CMP Rs. 3370.95

3) TTKPRESTIG

Sell TTKPRESTIG shares in intraday timeframe at CMP Rs. 938.8

4) CONCORDBIO

Sell CONCORDBIO shares in intraday timeframe at CMP Rs. 1642.25

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!