F&O stocks to buy today: TVS Motor, BEL among top 9 trading ideas for 27 March 2024

economictimes.indiatimes.com:

The Nifty monthly series PCR is currently at 1.05. Meaningful call writing is witnessed across 22,000-22,100 strikes, while put writing was witnessed in 22,000-21,900 strikes.

“Looking at the OI data, the overall range for the coming few sessions could be 21,880 on the downside and 22,150 on the upside,” Sudeep Shah, Deputy Vice President, Head of Technical and Derivative Research, SBI Securities, said.

“On the technical front, the 50-Day EMA zone of 22080-22100 will be the immediate hurdle for the index. Any sustainable move above the level of 22100 will lead to a short-covering move in Nifty towards 22,230-22,280 in the short term,” he said.

“On the downside, the 50-day EMA zone of 21880-21900 will act as a crucial support zone for the index. If the index slips below 21880, it will lead to further selling pressure in the index up to the 21790-21750 level,” highlighted Shah.

In the cash market, both FIIs and DIIs bought to the tune of Rs 10.13 crore and Rs 5024.36 cr on Tuesday. FIIs' long short ratio for index futures is at 33.02 as on a net basis, they sold 3025 index futures.

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

Havells India: Buy | Target: Rs 1515 | Stop Loss: Rs 1472

Petronet LNG: Buy | Target: Rs 279 | Stop Loss: Rs 259

TVS Motors: Buy | Target: Rs 2163 | Stop Loss: Rs 2045

Expert: Kunal Bothra,