F&O stocks to buy today: Bharti Airtel, Aarti Industries among top 6 trading ideas for 24 November
The Nifty future closed negative with losses of 0.04% at 19875 levels on Thursday.
Positive setup was seen in HPCL, Hero MotoCorp, MCX, Bajaj Auto, BPCL, TVS Motor, IOC, Balrampur Chini, Jubilant FoodWorks, Eicher Motor, BHEL, and Bharti Airtel.
On the weekly options front, the maximum Call OI is placed at 20000 and then towards 19900 strikes while the maximum Put OI is placed at 19800 and then towards 19700 strikes.
Call writing is seen at 19900 and then towards 20000 strikes while Put writing is seen at 19800 and then towards 19700 strikes.
“Options data suggests a broader trading range in between 19600 to 20000 zones while an immediate trading range in between 19700 to 19900 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.
“Nifty formed a small-bodied Bearish candle on the daily scale on Thursday with longer upper shadow indicating the absence of momentum at higher zones,” he said.
“Now the index has to hold above 19800 zones, for an up move towards 19888 then 19950 zones whereas supports are placed at 19750 then 19650 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: Pritesh Mehta, Lead Technical Analyst at YES Securities told ETBureau
BPCL: Buy| Target Rs 455| Stop Loss Rs 395
Bharti Airtel: Buy| Target Rs 1057| Stop Loss Rs 945
BHEL: Buy| Target Rs 161| Stop Loss Rs 137
Expert: Kunal Bothra, Market Expert told ETNow
Aditya Birla Fashion & Retail: Buy| Target Rs 236| Stop Loss Rs 222
Aarti Industries: Buy| Target Rs 600| Stop Loss Rs 500
Varun Beverages: Buy| Target Rs 1100| Stop Loss Rs 1050
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