Nifty futures closed higher with gains of 0.06%, touching 24,854 levels on Friday. India’s VIX rose 3.88% to 13.50 from 13.01.
On the options front, the maximum open interest (OI) of Call is at the strike of 25,000, followed by the strike of 26,000, while the maximum OI of Put is at the strike of 24,000, followed by the strike of 24,800.
Buying operations are observed at the strikes of 24,800 and 24,850, while selling operations are observed at the strikes of 24,800 and 25,000.
“Options data suggests a wider trading range between 24,400 and 25,200 zones, while an immediate range between 24,600 and 25,000 levels,” said Chandan Taparia, Derivatives Analyst at Motilal Oswal Financial Services Limited. “Nifty formed a bullish candle on a weekly basis and closed near its upper band. It now needs to continue to hold above 24,750 zones for an up move towards 24,950 and then 25,100 levels, while support is seen at 24,750 and then 24,650 zones,” he said. We have compiled a list of F&O basket stocks along with spot market from various experts for traders who have a short-term trading horizon:Expert: Sagar Doshi, technical research analyst at Nuvama Wealth, told ETBureau
-Samvardhana Motherson International Ltd: Buy | Target: Rs 211.50 | Stop Loss: Rs 192
-Indian Oil Corporation: Buy | Target: Rs 190 | Stop Loss: Rs 164.20
-Syngene International: Buy | Target: Rs 902 | Stop Loss: Rs 814
Expert: Kunal Bothra, market expert, told ETNow
-Samvardhana Motherson International Ltd: Buy | Target: Rs 205 | Stop Loss: Rs 193
– Coal in India: Buy | Target: Rs 560 | Stop Loss: Rs 530
-Aditya Birla Fashion: Buy | Target: Rs 335 | Stop Loss: Rs 310
Expert: Nooresh Merani, an independent technical analyst, told ETNow
-Bharti Airtel: Buy | Target: Rs 1,600 | Stop Loss: Rs 1,490
-HUL: Buy | Target: Rs 3,000 | Stop Loss: Rs 2,780
-Fino Payment Bank: Buy | Target: Rs 480 | Stop Loss: Rs 390
(Disclaimer: The recommendations, suggestions, views and opinions of the experts are their own and do not represent the views of The Economic Times)
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