F&O stocks to buy today: Apollo Tyre, ONGC among top 9 trading ideas for July 1, 2024
On the options front, the maximum Call OI is placed at 24,200 and then towards 24,000 strikes, while the maximum Put OI is placed at 24,000 and then towards 23,800 strikes.
Call writing is seen at 24,200 and then towards 24,100 strikes, while Put writing is seen at 24,100 and then towards 23,900 strikes.
“Options data suggests a broader trading range in between 23,500 to 24,500 zones, while an immediate range between 23,700 to 24,000 levels,” says Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited.
“Nifty formed a small-bodied Bearish candle on the daily frame on Friday but a Bullish candle on a weekly frame with higher highs formation from the last six weeks,” he said.
“Now, it has to hold above 24,000 zones to extend the move towards 24,200 and 24,400 zones, whereas supports are placed at 23,800 then 23,700 zones,” he recommends.
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: Sagar Doshi, Technical Analyst Research at Nuvama Wealth told ETBureau
Apollo Tyre: Buy | Target: Rs 580 | Stop Loss: Rs 525
Avadh Sugar: Buy | Target: Rs 686 | Stop Loss: Rs 613
RBL Bank: Buy | Target: Rs 285 | Stop Loss: Rs 256
Expert: Kunal Bothra, Market Expert told ETNow
Ambuja Cement: Buy | Target: Rs 700 | Stop Loss: Rs 655
MCX: Buy | Target: Rs 4,120 | Stop Loss: Rs 3820
Petronet LNG: Buy | Target: Rs 344 | Stop Loss: Rs 322
Expert: Nooresh Merani, an independent technical analyst told
