Call writing is observed at 25,000 and 25,100 strikes, whereas Put writing is seen at 24,500 and 24,700 strikes.
“Options data suggests a broader trading range in between 24,500 to 25,500 zones, while an immediate range between 24,700 to 25,200 levels,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.
“Nifty formed a bearish candle on the daily charts on Thursday and failed to hold on to the previous day’s recovery,” he said.
“Now, if the index manages to hold 24,850 zones then some bounce could be seen towards 25,150 then 25,250 zones while on the downside supports are shifting lower at 24,750 then 24,650 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
Indian Hotels: Buy | Target: Rs 800 | Stop Loss: Rs 645
Asian Paints: Buy| Target: Rs 3,900 | Stop Loss: Rs 3,180
F&O Strategy
Havells Future (26th Sept Expiry): Buy | Target: Rs 2,020 | Stop Loss: Rs 1,935
Britannia Future (26th Sept Expiry): Buy | Target: Rs 6,130-6,150| Stop Loss: Rs 5,950
Expert: Nooresh Merani, an independent technical analyst told ETNow
Havells India: Buy | Target: Rs 2,100 | Stop Loss: Rs 1,900
Info Edge: Buy | Target: Rs 8,000 | Stop Loss: Rs 7,600
Britannia Industries: Buy | Target: Rs 6,500 | Stop Loss: Rs 5,900
Expert: Kunal Bothra, Market Expert told ETNow
Hindustan Unilever: Buy | Target: Rs 3,000 | Stop Loss: Rs 2,860
ICICI Bank: Buy | Target: Rs 1,280 | Stop Loss: Rs 1,215
Aarti Industries: Buy | Target: Rs 625 | Stop Loss: Rs 526
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of The Economic Times)