Stocks to buy or sell today: 9 short-term trading ideas from experts for 25 August 2023
India VIX was down by 0.23% from 11.73 to 11.70 levels in the previous session.
Volatility spiked after falling from the last three sessions.
On the monthly options front, the maximum Call OI is placed at 19500 and then towards 19600 strikes while the maximum Put OI is placed at 19400 and then towards 19500 strikes.
Call writing is seen at 19500 and then towards 19600 strikes while Put writing is seen at 19400 and then towards 19300 strikes.
“Options data suggests a broader trading range in between 19100 to 19600 zones while an immediate trading range in between 19250 to 19550 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.
“Nifty formed a Bearish candle on the daily frame on Thursday but has been making higher highs from the last four sessions,” he said.
“Now the index has to hold above 19350 zones, for an up move towards 19480 and 19560 zones whereas supports are placed at 19300 then 19250 zones,” recommended Taparia.
We have collated a list of stocks from various experts for traders who have a short-term trading horizon:
Expert: Shrikant Chouhan, Head of Equity Research (Retail) at Kotak Securities told ETBureau
India Cement: Buy| Target Rs 243| Stop Loss Rs 231
Godrej Consumer Products: Buy| Target Rs 1080| Stop Loss Rs 1025
PVR: Buy| Target Rs 1790| Stop Loss Rs 1705
Mphasis: Buy| Target Rs 2540| Stop Loss Rs 2420
Expert: Kunal Bothra, Market Expert told ETNow
IRCTC: Buy| Target Rs 700| Stop Loss Rs 640
Dr Lal Pathlabs: Sell| Target Rs 2160| Stop Loss Rs 2235
Expert: Nooresh Merani, an independent technical analyst told ETNow
Indian Hotels: Buy| Target Rs 450| Stop Loss Rs 385
IndusInd Bank: Buy| Target 1600| Stop Loss Rs 1390
Federal Bank: Buy| Target Rs 165| Stop Loss
