F&O stocks to buy today: HDFC Bank, Infosys among top 9 trading ideas for 13 March 2024
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The Nifty50 closed flat on Tuesday with a positive bias. The volatility index India VIX has dipped by nearly 2% to close at 13.64 after trading in a narrow range of 14.19-13.57 on Tuesday.
The Nifty50 closed flat in the previous trading session while there was some pressure seen in the broader markets. The Nifty Midcap and Nifty Smallcap indices dipped 1.4% and 2%, respectively in Tuesday’s trading session.
The Nifty Futures witnessed an addition of 3.29% Open Interest (OI) with an 0.11% rise in prices, implying a short build-up in the Indices.
For the current weekly series, the Nifty PCR is currently at 0.75, and max pain is at 22400 strikes, data showed.
“Meaningful call writing witnessed across 22400-22500 strikes, while put writing, was witnessed in 22300-22200 strikes, implying that the range for the coming few sessions could be 22200 on the downside & 22500 on the upside,” Sudeep Shah, Deputy Vice President, Head of Technical and Derivative Research, SBI Securities, said.“10-20 EMA zone of 22200-22300 will act as a crucial support zone while resistance of 22410 needs to be crossed and sustained for a fresh leg on the upside up to 22550-22600,” he said.Both FIIs and DIIs were net buyers on Tuesday to the tune of 73 and 2358 cr respectively. FIIs’ Long short ratio for index futures is at 42.86 as on a net basis, they bought 4654 index futures.
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: Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas told ETBureau
Maruti Suzuki India: Buy| Target Rs 11,730| Stop Loss Rs 11350
TCS: Buy| Target Rs 4340| Stop Loss Rs 4120
Coromandel International: Buy| Target Rs 1177| Stop Loss Rs 1092
Expert: Nooresh Merani, an independent technical analyst told ETNow
Infosys: Buy| Target Rs 1700| Stop Loss Rs 1580
HDFC Bank: Buy| Target Rs 1530| Stop Loss Rs 1440
InterGlobe Aviation: Buy| Target Rs 3600| Stop Loss Rs 3160
Expert: Kunal Bothra, Market Expert told ETNow
HDFC Bank: Buy| Target Rs 1500| Stop Loss Rs 1440
Poonawala Fincorop: Buy| Target Rs 510| Stop Loss Rs 440
Graphite India: Buy| Target Rs 660| Stop Loss Rs 600
(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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