F&O stocks to buy today: Tata Steel, Ashok Leyland among top 9 trading ideas for 22 November
The Nifty future closed negative with losses of 0.45% at 19840 levels on Tuesday. India VIX was up by 0.68% from 12.14 to 12.23 levels.
Volatility was slightly higher, but the overall market was in a positive band.
Positive setup was seen in Oberoi Realty, MFSL, Ashok Leyland, SBI Life, Aurobindo Pharma, Astral, HDFC Life, Alkem, Lupin, JSW Steel, Titan, RIL, Exide Industries, etc. among others.
On the weekly options front, the maximum Call OI is placed at 19800 and then towards 19900 strikes while the maximum Put OI is placed at 19700 and then towards 19800 strikes.
Call writing is seen at 19900 and then towards 19850 strikes while Put writing is seen at 19800 and then towards 19700 strikes.
“Options data suggests a broader trading range in between 19400 to 20000 zones while an immediate trading range in between 19650 to 19900 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.
“Support-based buying kept the market afloat above 19750 zones.
