Intraday Shares List: Best Intraday Stocks To Buy Today

Gift Nifty, formerly SGX Nifty, was trading at 19,516.5 at 7:29 a.m. on Thursday, up 12 points or 0.06%. A bullish opening for the Sensex and Nifty 50 today is thus suggested by the index, which started trading at 19,504.5 and ranged from 19,521.5 to 19,481 respectively. On Wednesday, however, the Nifty 50 climbed by 47.55 points or 0.25% to close at 19,444, while the Sensex gained by 213.27 points or 0.33% to end at 65,433.30. On the other hand, the BSE Midcap and Smallcap indices both climbed by 130.47 points and 215.76 points, respectively. On the Nifty50, the major gainers were Divi's Lab, Axis Bank, ICICI Bank, L&T, and Adani Enterprises, while the top losers were Adani Ports, Jio Financial Services, Sun Pharma, and Tech Mahindra.

Market Outlook Today

Commenting on Nifty 50 prediction today, Om Mehra, research analyst at Choice Broking, said, "Technically, Nifty has formed Doji candles for the second straight day. ADX and MACD are still inclined on the negative side. Taking new long positions must be taken cautiously unless 19560 is taken out. In the daily chart, Index remained beneath the middle line of Donchain channel. Index may find support around the 17250 levels."

"On the derivatives front, the highest call OI is at 19500 followed by 19600 strike price while on the put side, highest OI remains at 19300 strike price. On the other hand, Bank nifty has support at 44000 levels while resistance is placed at 44900-45000. INDIA VIX dip below 12 signifies a potential subsiding of market volatility. Amidst this backdrop, investors are encouraged to exercise prudence, weighing the benefits of profit booking while considering the promising prospect of entering the market for the long haul," he further stated.

Best Intraday Stocks For Today

AR Ramachandran from Tips2Trades has recommended 3 best intraday stocks to buy today.

Jindal Steel

Jindal Steel looks slightly bearish on the Daily charts with next resistance at 662.3. A daily close above this resistance could lead to a target of 720 in the near term. Support will be at 633.

Tejas Network

Tejas Network is slightly bearish on the Daily charts with strong resistance at 868. A daily close above this resistance could lead to 894 in the near term. Support will be at 836.

Suzlon Energy

Suzlon Energy is bullish but also overbought on the Daily charts with next resistance at 22.5. Investors should book profits at current levels or hold till Daily support of 20.7 is broken on a closing basis. Below 20.7, next support will be at 17.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.