Stocks to buy today: Nykaa, Bharti Airtel among top 9 trading ideas for 24 March 2025
The Nifty future closed positively with gains of 0.78%, at the 23,382 level on Friday. India VIX fell by 0.2% to close at 12.58 in the previous trading session.
On the options front, the maximum Call OI is placed at 24,000 and then at the 24,100 strike, while the maximum Put OI is placed at 23,000 and then at the 23,200 strike.
Call writing is seen at the 23,600 and then at the 23,700 strikes, while Put writing is seen at the 23,300 and then at the 23,200 strikes.
“Options data suggests a broader trading range between 22,900 and 23,800 zones, with an immediate range between 23,200 and 23,600 levels,” said Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited.
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“Nifty formed a bullish Marubozu candle on the weekly chart, indicating a continuation of the strong bullish momentum and forming higher highs and higher lows over the last five trading sessions,” he added.
“Now, the index needs to hold above the 23,200 zone for an up move towards 23,500 and then the 23,700 zones, while support is shifting higher to 23,200 and then 23,000 zones,” recommended Taparia.
We have collated a list of stocks from the F&O basket along with cash market recommendations from various experts for traders with a short-term trading horizon:
Expert: Aakash Hindocha, Technical Analyst, Research at Nuvama Wealth, told ETBureau
APL Apollo Tubes: Buy | Target: Rs 1,625 | Stop Loss: Rs 1,475
Amara Raja Batteries: Buy | Target: Rs 1,220 | Stop Loss: Rs 1,011
Bharti Airtel: Buy | Target: Rs 1,825 |