Stocks to buy today: HDFC Bank, Paytm among top 10 trading ideas for October 28, 2024

The Indian market is likely to edge higher on Monday, tracking positive global cues.

The Nifty futures closed negative, with losses of 0.97% at 24,215 levels on Friday.

On the options front, the maximum Call OI is placed at 25,000, followed by the 24,500 strikes, while the maximum Put OI is at 23,500 and then at 24,000 strikes.

Call writing is observed at the 24,300 and 24,200 strikes, while Put writing is seen at the 23,800 and 23,900 strikes.

“Options data suggests a broader trading range between the 23,800 and 24,500 zones, with an immediate range between the 24,000 and 24,400 levels,” said Chandan Taparia, Head of Equity Derivatives & Technicals, Wealth Management, MOFSL.

“Nifty formed a bearish candle on the daily chart on Friday and has been making lower highs for the last four sessions. It formed a bearish candle and experienced a breakdown on a weekly basis,” he added.“Now, as long as Nifty holds below the 24,250 zones, weakness could be seen towards 23,950 and then 23,850 zones, whereas hurdles are placed at 24,350 and then 24,450 zones,” Taparia recommended.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: Chandan Taparia, Head of Equity Derivatives & Technicals, Wealth Management, MOFSL (as told to ET Bureau):

Indian Hotels: Buy | Target Rs 725 | Stop Loss Rs 675

Sundaram Finance: Buy | Target Rs 5,075 | Stop Loss Rs 4,750

Cyient: Buy | Target Rs 1,880 | Stop Loss Rs 1,760

Coforge Future (31st October Expiry): Buy | Target Rs 8,100 | Stop Loss Rs 7,600

Expert: Kunal Bothra, Market Expert (as told to ET Now):

Nestlé India: Buy | Target Rs 2,360 | Stop Loss Rs 2,200

BEL: Buy | Target Rs 278 | Stop Loss Rs 264

Syngene: Buy | Target Rs 915 | Stop Loss Rs 845

Expert: Nooresh Merani, Independent Technical Analyst (as told to ET Now):

HDFC Bank: Buy | Target Rs 1,850 | Stop Loss Rs 1,700

InterGlobe Aviation: Buy | Target Rs 4,800 | Stop Loss Rs 4,250

Paytm: Buy | Target Rs 850 | Stop Loss Rs 710

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