Stocks to buy today: NTPC, ONGC among top 8 trading ideas for 27 September

The Indian market is likely to consolidate on Wednesday tracking mixed global cues. The S&P BSE Sensex and Nifty50 closed flat on Tuesday with a negative bias.

India VIX was up by 2.61% from 10.90 to 11.18 levels in the previous session. Volatility was slightly on the rise but is still trading at its lower band.

On the options front, the maximum Call OI is placed at 19800 and then toward 20000 strikes while the maximum Put OI is placed at 19600 and then towards 19500 strikes.

Call writing is seen at 19700 and then towards 19800 strikes while Put writing is seen at 19600 and then towards 19500 strikes.

“Options data suggests a shift in a slightly lower trading range in between 19500 to 19900 zones while an immediate trading range in between 19550 to 19750 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

“Nifty formed a Doji sort of candle on Tuesday and an Inside Bar on a daily scale and negated its lower lows formation of the last five sessions,” he said.

“Now the index has to hold a crucial support of 19600 zones, for a bounce towards 19750 then fresh move towards 19850 zones whereas supports are placed at 19550 then 19500 zones,” recommended Taparia.We have collated a list of stocks from various experts for traders who have a short-term trading horizon:

Expert: Jay Thakkar, Head Alternate Research, Sharekhan by BNP Paribas told ETBureau

Colgate Palmolive: Buy| Target Rs 2200| Stop Loss Rs 2030

Eicher Motors: Buy| Target Rs 3650| Stop Loss Rs 3390

Expert: Kunal Bothra, Market Expert told ETNow

NTPC: Buy| Target Rs 255| Stop Loss Rs 233

Indus Tower: Buy| Target Rs 200| Stop Loss Rs 184

Bombay Dyeing: Buy| Target Rs 160| Stop Loss Rs 137

Expert: Nooresh Merani, an independent technical analyst told ETNow

ONGC: Buy| Targe Rs 220| Stop Loss Rs 184

MCX: Buy| Target Rs 2100| Stop Loss Rs 1820

Care Ratings: Buy| Target Rs 1000| Stop Loss Rs 850

(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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