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The Indian market is expected to consolidate on Monday, influenced by global cues. The Nifty future saw slight gains on Friday. Analysts suggest a broader trading range and highlight key support and resistance levels. Several stock recommendations are provided for short-term traders, including Gravita India, Praj Industries, and Colgate Palmolive India.

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Indian market is likely to consolidate on Monday tracking muted global cues. The Nifty future closed on a positive note with gains of 0.14% at 26,345 levels on Friday.

On the options front, the maximum Call OI is placed at 27,000 and then towards 27,500 strikes while the maximum Put OI is placed at 26,000 and then towards 25,000 strikes. Call writing is seen at 27,000 and then towards 26,250 strikes while Put writing is seen at 26,200 and then towards 26,250 strikes. “Options data suggests a broader trading range in between 25,700 to 26,700 zones while an immediate range between 26,000 to 26,400 levels,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.



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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: Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited told ETBureau Gravita India: Buy| Target Rs 2700| Stop Loss Rs 2520 Praj Industries : Buy| Target Rs 840| Stop Loss Rs 780 Colgate Palmolive India: Buy| Target Rs 3900| Stop Loss Rs 3675 F&O Strategy – TVS Motor Future (Oct 31 Expiry): Buy| Target Rs 3100| Stop Loss Rs 2900 Titan Future (Oct 31 Expiry): Buy| Target Rs 4020| Stop Loss Rs 3765 Expert: Nooresh Merani, an independent technical analyst told ETNow RIL : Buy| Target Rs 3200| Stop Loss Rs 3000 Eicher Motors : Buy| Target Rs 5400| Stop Loss Rs 4850 NLC India: Buy| Target Rs 330| Stop Loss Rs 280 ( 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 ).