F&O stocks to buy and sell today: SBI, Maruti among top 9 trading ideas for 14 February 2024
The Nifty futures closed positive with gains of 0.55% at 21816 levels on Tuesday. India VIX was down by 1.56% from 16.06 to 15.81 levels. Volatility cooled off from its highs and gave way to the bulls at crucial support zones.
Positive setup was seen in stocks like OFSS, GMR Infra, Coal India, PNB, HDFC AMC, DLF, ICICI Bank, SBI Life, Axis Bank, Voltas, Siemens, Granules, Wipro, etc. among others.
On the options front, the maximum Call OI is placed at 22000 and then towards 22500 strikes while the maximum Put OI is placed at 21000 and then towards 21500 strikes.
Call writing is seen at 22150 strikes while some Put writing is seen at 21500 strikes.
“Options data suggests a broader trading range in between 21300 to 22200 zones while an immediate trading range in between 21500 to 21900 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.
“Nifty formed a Bullish candle on the daily scale on Tuesday with a long lower shadow indicating support-based buying but has been forming lower lows from the last four sessions due to the absence of follow-up,” he said.
“Now the index has to hold above 21750 zones, for an upside move towards 21850 then 21950 zones whereas supports are placed at 21650 then 21550 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: Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas told ETBureau
GMR
