Stocks to buy today: RIL, Bharti Airtel among 7 top trading ideas for 11 July 2023

economictimes.indiatimes.com:

The S&P BSE Sensex and Nifty50 closed flat with a positive bias on Monday. India VIX was down by 0.59% from 11.53 to 11.46 levels on Monday. Volatility sunk lower and is hovering near its lower band which may support the bulls near immediate support zones.

Indian market is expected to trade higher on Tuesday tracking positive global cues.The S&P BSE Sensex and Nifty50 closed flat with a positive bias on Monday. India VIX was down by 0.59% from 11.53 to 11.46 levels on Monday. Volatility sunk lower and is hovering near its lower band which may support the bulls near immediate support zones. On the weekly options front, the maximum Call OI is placed at 19400 and then towards 19500 strikes while the maximum Put OI is placed at 19400 and then towards 19300 strikes.

Minor Call writing is seen at 19500 then 19600 strike while Put writing is seen at 19200 then 19000 strike. “Options data suggests a broader trading range in between 19100 to 19700 zones while an immediate trading range in between 19200 to 19500 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said. “Nifty formed a small-bodied Bearish candle and an Inside Bar on the daily scale but closed with gains of around 25 points,” he said.