Top Stocks to Buy/Sell Today - 01 July, 2024

Lets delve into the hottest stocks for today with potential buying opportunities, along with those that might be primed for shorting based on technical analysis. Here are the best intraday stocks today on 01 July, 2024

Top Stocks to Buy/Sell Today - 01 July, 2024

**Market Overview from the Previous Session**

The markets experienced a volatile session, with benchmark indices initially showing promise before drifting lower towards the close. The Nifty index ultimately closed near its session lows, registering a modest decline of 0.14%.

In contrast to the Nifty 50, the broader Nifty Midcap 100 index exhibited resilience, closing with a commendable gain of 0.56%.

**Industry Performance**

Selective sectors performed strongly during the session, with Energy and Pharma stocks leading the gains. However, sectors such as Banking and Financial Services faced some challenges, hindering their performance.

**Option Market Activity**

The options market saw significant open interest concentrated at the 24500 Call and 24000 Put strikes. The sentiment remained bearish, with a greater preference for call writing over put writing.

**Technical Analysis**

The Value Weighted Average Price (VWAP) range for the session was between 23885 and 24160. Max Pain for the expiring series was observed at 24000 spot, with a combined Call and Put premium/pain value of 682.68 Crores.

**Institutional Flows**

Foreign Institutional Investors (FIIs) remained net sellers to the tune of 23.09 crore, while Domestic Institutional Investors (DIIs) stepped up their buying, infusing 6658.31 crore into the markets.

Top Stocks to Buy Today:

1) SUNDRMFAST

Buy SUNDRMFAST shares in intraday timeframe at CMP Rs. 1345.65

2) ISEC

Buy ISEC shares in intraday timeframe at CMP Rs. 752.35

3) ASIANPAINT

Buy ASIANPAINT shares in intraday timeframe at CMP Rs. 2902.55

4) JUBLPHARMA

Buy JUBLPHARMA shares in intraday timeframe at CMP Rs. 733.8

Top Stocks to Short Today:

1) JBCHEPHARM

Sell JBCHEPHARM shares in intraday timeframe at CMP Rs. 1869.95

2) APTUS

Sell APTUS shares in intraday timeframe at CMP Rs. 341.65

3) FIVESTAR

Sell FIVESTAR shares in intraday timeframe at CMP Rs. 800

4) EPIGRAL

Sell EPIGRAL shares in intraday timeframe at CMP Rs. 1376.95

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!