The Nifty future closed positive with gains of 0.15% at 25055 levels on Wednesday. India VIX was up by 2.55% from 13.70 to 13.98 levels.
On the options front, the maximum Call OI is placed at 25,100 and then towards 25,500 strikes while the maximum Put OI is placed at 25,000 and then towards 24,800 strikes.
Call writing is seen at 25,100 and then towards 25,400 strikes while Put writing is seen at 25,100 and then towards 24,900 strikes.
βOptions data suggests a broader trading range in between 24,700 to 25,500 zones while an immediate range between 24,900 to 25,300 levels,β Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.βThe Nifty index has been shifting its base higher gradually and making higher highs from the last three sessions,β he said.βNow the index has to continue to hold above 25,000 zones for an up move towards 25,250 then 25,350 levels while support is seen at 24,950 then 24,800 zones,β 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
Granules India: Buy| Target Rs 830| Stop Loss Rs 670
Voltas: Buy| Target Rs 2050| Stop Loss Rs 1680
L&T Technology Services: Buy| Target Rs 6210| Stop Loss Rs 5510
F&O Strategy β
Bajaj Auto Future (Sept 26 Expiry): Buy| Target Rs 11200| Stop Loss Rs 10450
Aurobindo Pharma (Sep 26 Expiry): Buy| Target Rs 1650| Stop Loss Rs 1510
Expert: Nooresh Merani, an independent technical analyst told ETNow
Eicher Motors: Buy| Target Rs 5200| Stop Loss Rs 4900
Bharti Airtel: Buy| Target Rs 1700| Stop Loss Rs 1520
IEX: Buy| Target Rs 220| Stop Loss Rs 197
(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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