In terms of options, the maximum call OI is set at 25,000 strikes, followed by 24,700 strikes. Meanwhile, the maximum put OI is set at 24,000 strikes, followed by 24,200 strikes.
Call writing is observed at 24,700 strikes, followed by 25,000 strikes. On the other hand, put writing is observed at 24,600 strikes, followed by 24,000 strikes.
Chandan Taparia, Head of Equity Derivatives & Technical, Wealth Management, MOFSL, said, “Option data shows a wider trading range between 24,100 and 25,000 zones, with the immediate range at 24,300. 24,800 zone.”
“Nifty has formed a small candlestick on the daily scale on Monday.Currently, it needs to sustain above the 24,500 zone to move higher towards the 24,700 and 24,850 zones, but there is support at the 24,500 and 24,400 zones. “You can see it,” he said. Added.
We have compiled a list of stocks in the F&O basket along with the spot market from various experts for traders with short trading horizons.
Expert: ICICI Securities Technical Head Dharmesh Shah tells ETBureau
axis bank: Buy |Target: Rs 1,230 |Stop Loss: Rs 1,124M&M: Buy |Target: Rs 3,200 |Stop Loss: Rs 2,938
bharat electronics: Buy |Target: Rs 332 |Stop Loss: Rs 302
Expert: Kunal Bothra, Market Expert told ETNow
wipro: Buy |Target: Rs 320 |Stop Loss: Rs 292
voltas: Buy |Target: Rs 1,800 |Stop Loss: Rs 1740
canara bank: Buy |Target: Rs 120 |Stop Loss: Rs 104
Expert: Independent technical analyst Nooresh Merani tells ETNow
Kotak Mahindra Bank: Buy |Target: Rs 1,900 |Stop Loss: Rs 1,770
wipro: Buy |Target: Rs 330 |Stop Loss: Rs 294
Mutto Finance: Buy |Target: Rs 2,100 |Stop Loss: Rs 1,960
(Disclaimer: Recommendations, suggestions, views, and opinions expressed by experts are their own. (They do not represent the views of Economic Times)
