2 weeks Ago
Indian market is expected to trade higher on Friday tracking positive global cues. The Nifty future closed positive with gains of 0.43% at 25156 levels on Thursday.
India VIX was down by 0.34% from 13.95 to 13.
90 levels. On the options front, the maximum Call OI is placed at 26000 and then towards 25,200 strikes while the maximum Put OI is placed at 25,000 and then towards 24000 strikes. Call writing is seen at 26,000 and then towards 26,500 strikes while Put writing is seen at 24,000 and then towards 23,000 strikes.
“Options data suggests a broader trading range in between 24,800 to 25,600 zones while an immediate range between 24,900 to 25,400 levels,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said. “The Nifty index has been shifting its base higher gradually and making higher highs from the last four sessions,” he said. “Now the Nifty50 has to continue to hold above 25,100 zones for an up move towards 25,300 then 25,450 levels while support is seen at 25,000 then 24,850 zones,” recommended Taparia.
We have collated a list of stocks from the F&O basket along with cash market from various experts for traders who have a short-term trading horizon: Expert: Amol Athawale, VP - Technical Research at Kotak Securities Coforge : Buy| Target Rs 6480| Stop Loss Rs 6195 IOC : Buy| Target Rs 182| Stop Loss Rs 174 Engineers India : Buy| Target Rs 232| Stop Loss Rs 220 Hudco : Buy| Target Rs 303| Stop Loss Rs 290 F&O Strategy - Sahaj Agarwal, VP - Derivative Research at Kotak Securities told ETBureau Apollo Hospitals Sep Fut : Buy| Target Rs 7195-7265| Stop Loss Rs 6710 Persistent Sept Futures : Buy| Target Rs 5300-5355| Stop Loss Rs 4950 Expert: Kunal Bothra, Market Expert told ETNow Tata Power : Buy| Target Rs 450| Stop Loss Rs 415 NTPC : Buy| Target Rs 430| Stop Loss Rs 395 BSE : Buy| Target Rs 2885| Stop Loss Rs 2770 Expert: Nooresh Merani, an independent technical analyst told ETNow BPCL : Buy| Target Rs 380| Stop Loss Rs 340 ITC : Buy| Target Rs 550| Stop Loss Rs 495 PNB Housing : Buy| Target Rs 1050| Stop Loss Rs 910 ( Disclaimer : Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel ).
