Stocks to buy today: Axis Bank, HDFC Bank among top 9 trading ideas for 5 December 2024

Indian market is likely to consolidate on Thursday tracking mixed cues.

The Nifty future closed positive with gains of 0.07% at 24,563 levels on Wednesday.

On the options front, the maximum Call OI is placed at 25,000 and then towards 24,800 strikes while the maximum Put OI is placed at 24,000 and then towards 24,200 strikes.

Call writing is seen at 24,600 and then towards 24,750 strikes while Put writing is seen at 24,500 and then towards 24400 strikes.

“Options data suggests a broader trading range in between 24,000 to 25,000 zones while an immediate range between 24,200 to 24,700 levels,” Chandan Taparia, Head, Equity Derivatives & Technicals, Wealth Management, MOFSL, said

“Nifty formed a Doji sort of a candle with a longer lower shadow on Wednesday indicating buying interest is intact at lows and has been making higher lows from the last four sessions,” he said.“Now the index has to hold above 24,400 zones for an up move towards 24,650 then 24,750 zones whereas supports can be seen at 24,350 and 24,250 zones,” recommended Taparia.

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: Rajesh Palviya, VP-Technical & Derivative Research, Axis Securities told ETBureau

Swan Energy: Buy| Target Rs 800| Stop Loss Rs 660

Jindal Stainless: Buy| Target Rs 820| Stop Loss Rs 695

Cyient: Buy| Target Rs 2160| Stop Loss Rs 1850

Expert: Kunal Bothra, Market Expert told ETNow

HDFC Bank: Buy| Target Rs 1910| Stop Loss Rs 1830

Jio Financial Services: Buy| Target Rs 360| Stop Loss Rs 335

Bank of India: Buy| Target Rs 125| Stop Loss Rs 114

Expert: Nooresh Merani, an independent technical analyst told ETNow

Axis Bank: Buy| Target Rs 1220| Stop Loss Rs 1140

LIC Housing Finance: Buy| Target Rs 690| Stop Loss Rs 630

Lemon Tree: Buy| Target Rs 155| Stop Loss Rs 135

(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)

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