Hereβs a proofread version of your text:
The Indian market is likely to edge higher on Wednesday, tracking positive global cues.
The Nifty futures closed on a positive note at 25,448 levels on Tuesday.
On the options front, the maximum Call open interest (OI) is at the 26,000 strike, followed by the 25,400 strike, while the maximum Put OI is at the 25,000 strike, then the 25,400 strike.
Call writing is observed at the 26,000 and 25,500 strikes, while Put writing is seen at the 25,400 and 25,300 strikes.βOptions data suggests a broader trading range in between 25,000 to 25,800 zones, while an immediate range between 25,200 to 25,600 levels,β Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.βNifty formed a Doji sort of candle on the daily frame on Tuesday and has been forming higher lows from the last four trading sessions which indicates supports are shifting higher,β he said.
βNow the index has to hold above 25,350 zones for an up move towards 25,550 then 25,750 zones whereas supports have shifted higher to 25,300 then 25,200 zones,β recommended Taparia.
The Bank Nifty Index formed a small-bodied candle on the daily scale on Tuesday, indicating a lack of momentum at higher levels.
We have compiled a list of stocks from the F&O basket, along with cash market recommendations from various experts, for traders with a short-term trading horizon:
Expert: Kunal Bothra, Market Expert told ETNow
Cummins India: Buy | Target: Rs 4,000 | Stop Loss: Rs 3,770
NTPC: Buy | Target: Rs 434 | Stop Loss: Rs 405
Aditya Birla Sun Life AMC: Buy | Target: Rs 800 | Stop Loss: Rs 730
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of The Economic Times)
Source link
