Our Terms & Conditions | Our Privacy Policy
The Indian market is likely to consolidate on Thursday but with a positive bias.
The Nifty future closed positively with gains of 0.17% at 25,204 levels on Wednesday. India VIX fell 2.4% to close at 13.67 in the previous session.
On the options front, the maximum Call OI is placed at 25,200 and then towards 25,500 strikes, while the maximum Put OI is placed at 25,100 and then towards 25,000 strikes.
Call writing is seen at 25,200 and then towards 25,400 strikes, while Put writing is seen at 25,100 and then towards 25,150 strikes.
“Options data suggests a broader trading range in between 24,600 to 25,500 zones while an immediate range between 24,900 to 25,400 levels,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.
Live Events
“Nifty formed a Doji candle on the daily chart on Wednesday, reflecting a tug of war between bulls and bears but continuing its sequence of higher highs for the last six sessions,” he added.“Now the index has to hold above 25,100 zones for an up move towards 25,300, then 25,400 levels while on the downside supports shifting higher at 25,000, then 24,850 zones,” recommended Taparia.
We have collated stocks from various experts for traders who have a short-term trading horizon:
Expert: Jaynit Vora, CMT – Research Analyst, IIFL told ETBureau
Persistent Systems: Buy| Target Rs 6190| Stop Loss Rs 5820
JB Chemicals & Pharmaceuticals: Buy| Target Rs 1785| Stop Loss Rs 1670
GAIL India: Buy| Target Rs 211| Stop Loss Rs 194
F&O Stocks –
Hero MotoCorp: Buy| Target Rs 4620| Stop Loss Rs 4270
Expert: Kunal Bothra, Market Expert told ETNow
Infosys: Buy| Target Rs 1660| Stop Loss Rs 1605
L&T: Buy| Target Rs 3800| Stop Loss Rs 3650
Biocon: Buy| Target Rs 370| Stop Loss Rs 346
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.
Aggregated From –
Comments are closed.