F&O stocks to buy today: Voltas, Affle India among top 6 trading ideas for August 21, 2024
The Nifty future closed positive with gains of 0.45% at 24,707 levels on Tuesday. The India VIX was down by 3.46% from 14.32 to 13.82 levels.
On the options front, the maximum Call OI is placed at 25,000 and then towards 25,500 strikes, while the maximum Put OI is placed at 24,500 and then towards 24,000 strikes.
Call writing is seen at 24,700 and then towards 25,000 strikes, while Put writing is seen at 24,700 and then towards 24,600 strikes.
“Options data suggests a broader trading range in between 24,300 to 25,300 zones, while an immediate range between 24,400 to 24,900 levels,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.
“Nifty has formed a bullish candle on the daily frame and has been making higher highs — higher lows from the last three sessions,” he said.
“Now the index has to continue to hold above 24,650 zones for an up move towards 24,850 then 25,000 levels while support is seen at 24,600 then 24,500 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: Vinay Rajani, CMT (Senior Technical & Derivative Analyst) at HDFC Securities told ETBureau
Vijaya Diagnostic Ltd: Buy | Target: Rs 965 | Stop Loss: Rs 850
Affle India: Buy | Target: Rs 1,795 | Stop Loss: Rs 1,515
Kopran Ltd: Buy | Target: Rs 340 | Stop Loss: Rs 292
Expert: Kunal Bothra, Market Expert told ETNow
Voltas: Buy | Target: Rs 1,700 | Stop Loss: Rs 1,625
ICICI
