Foreign institutional investors (FIIs) sold to the tune of Rs 4680.51 cr while domestic institutional investors (DIIs) bought to the tune of 4477.73 cr on Monday.
FIIs’ long-short ratio for index futures is at 51.45 as on a net basis, they sold 7222 index futures, data showed.
The 24,400 strike has significant call open interest, followed by the 24,500 strikes. On the put side, 24300 has a substantial open interest, followed by a 24200 strike.
On the derivative front, August futures ended on flat note on Monday, and the cumulative Open Interest (OI) of the current, next, and far series has surged by 0.46 percent.“For the weekly expiry, OI PCR is at 0.79. While, for monthly expiry, OI PCR is at 1.43,” says Sudeep Shah, Deputy Vice President and head of Technical and Derivative Research, SBI Securities.“Going ahead, the zone of 24200-24150 will act as immediate support for the index as the lower trendline of the Bearish Flag pattern is placed in that region. Any sustainable move below the level of 24150 will lead to resume its downward journey,” he said.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: Ajit Mishra, SVP – Technical Research, Religare Broking Ltd told ETBureau
Cipla: Buy| Target Rs 1675| Stop Loss Rs 1540
Hindustan Unilever: Buy| Target Rs 2920| Stop Loss Rs 2660
ONGC: Buy| Target Rs 364| Stop Loss Rs 328
Expert: Kunal Bothra, Market Expert told ETNow
ONGC: Buy| Target Rs 358| Stop Loss Rs 334
Jio Financial Services: Buy| Target Rs 346| Stop Loss Rs 320
Ipca Laboratories: Buy| Target Rs 1440| Stop Loss Rs 1340
Expert: Nooresh Merani, an independent technical analyst told ETNow
HDFC AMC: Buy| Target Rs 4400| Stop Loss Rs 4140
MCX: Buy| Target Rs 4700| Stop Loss Rs 4350
Manappuram Finance: Buy| Target Rs 250| Stop Loss Rs 200
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)