Stocks to buy today: Varun Beverages, IndiGo among top 8 trading ideas for 21 November 2024

The Nifty futures closed negative, with losses of 0.10%, at 23,491 levels on Tuesday. The Indian market remained shut on Wednesday, due to a public holiday.On the options front, the maximum Call OI is placed at 24,000, and then at 23,700 strikes, while the maximum Put OI is placed at 23,000, and then at 23,500 strikes.

Call writing is observed at 23,900, then at 24,200 strikes, while Put writing is seen at 23,700, then at 23,600 strikes.

“Options data suggests a broader trading range between 23,000 and 23,900 zones, with an immediate range between 23,300 and 23,700 levels,” said Chandan Taparia, Head of Equity Derivatives & Technicals, Wealth Management, MOFSL.“Nifty formed a small-bodied bearish candle on the daily chart on Tuesday, with longer upper shadows, and broke the lower lows formation of the last seven sessions,” he added.

“Now, until Nifty holds below the 23,500 zones, weakness could be seen towards 23,350, then 23,200 zones, while hurdles are placed at 23,650 and 23,750 zones,” Taparia recommended.

We have compiled a list of stocks from the F&O basket, along with cash market suggestions from various experts for traders with a short-term trading horizon:

Expert: Jayesh Bhanushali, Senior Derivative & Technical Research Analyst, IIFL (as told to ETBureau)

Varun Beverages: Buy | Target Rs 660 | Stop Loss Rs 607

Coromandel International: Buy | Target: Rs 1,835 | Stop Loss: Rs 1,710

Expert: Kunal Bothra, Market Expert (as told to ETNow)

Coromandel International: Buy | Target: Rs 1,810 | Stop Loss: Rs 1,735

Tech Mahindra: Buy | Target: Rs 1,750 | Stop Loss: Rs 1,670

Kaynes Technology India Ltd: Buy | Target: Rs 5,980 | Stop Loss: Rs 5,650

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

IndiGo: Buy | Target: Rs 4,400 | Stop Loss: Rs 3,900

Tech Mahindra: Buy | Target: Rs 1,900 | Stop Loss: Rs 1,660

PFC: Buy | Target: Rs 500 | Stop Loss: Rs 460

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