F&O stocks to buy today: Bharti Airtel, Wipro among top 9 trading ideas for 18 March 2024
The Nifty future closed negative with losses of 0.64% at 22121 levels on Friday. India VIX was up by 0.51% from 13.62 to 13.69 levels.
On the options front, the weekly maximum Call OI is placed at 22500 and then towards 22300 strikes while the maximum Put OI is placed at 22000 and then towards 21800 strikes.
Minor Call writing is seen at 22300 and then towards 22100 strikes while Put writing is seen at 21800 and then towards 21950 strikes.
“Options data suggests a shift in trading range in between 21500 to 22500 zones while an immediate trading range in between 21800 to 22200 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.
“Nifty formed a small-bodied Bearish candle and an Inside Bar on a daily scale and a Bearish candle on weekly frame on Friday which wiped away the gains of the last three weeks,” he said.
“Now the index has to hold above 22000 zones, for a bounce towards 22222 then 22350 zones whereas supports are placed at 21850 and 21750 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: Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited told ETBureau
VBL: Buy| Target Rs 1515| Stop Loss Rs 1390
Bharti Airtel: Buy| Target Rs 1280| Stop Loss Rs 1190
LTTS: Buy| Target Rs 5670| Stop Loss Rs 5290
Expert: Kunal Bothra, Market Expert told ETNow
Wipro: Buy| Target Rs 550| Stop Loss Rs 500
HD
