You are currently viewing F&O stocks to buy: Titan, Bharti Airtel among top 9 trading ideas for 21 November

F&O stocks to buy: Titan, Bharti Airtel among top 9 trading ideas for 21 November

The Nifty future closed negative with losses of 0.28% at 19750 levels on Monday. Positive setup was seen in stocks like Indus Tower, PFC, Balrampur Chini, CUB, Indian Hotel, REC Ltd etc.

India VIX was up by 2.68% from 11.83 to 12.14 levels on Monday. Volatility was slightly higher but the overall market was in a broader trading range.

On the weekly options front, the maximum Call OI is placed at 19800 and then towards 19900 strikes while the maximum Put OI is placed at 19700 and then towards 19600 strikes.

Call writing is seen at 19800 and then towards 19750 strikes while Put writing is seen at 19600 and then towards 19550 strikes.

“Options data suggests a broader trading range in between 19400 to 20000 zones while an immediate trading range in between 19600 to 19800 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

“Nifty formed an Inside Bar and a small bearish candle on the daily scale on Monday. Now it has to hold above 19700 zones, for an up move towards 19850 then 20000 zones whereas supports are placed at 19650 then 19550 zones,” recommended Taparia.

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: Dharmesh Shah, Head – Technical, ICICI Securities told ETBureau

Titan Company: Buy| Target Rs 3494| Stop Loss Rs 3258

Hindalco: Buy| Target Rs 520| Stop Loss Rs 485

Cyient: Buy| Target Rs 1940| Stop Loss Rs 1768

Expert: Kunal Bothra, Market Expert told ETNow

City Union Bank: Buy| Target Rs 170| Stop Loss Rs 140

Indus Tower: Buy| Target Rs 198| Stop Loss Rs 187

Olectra: Buy| Target Rs 1355| Stop Loss Rs 1264

Expert: Nooresh Merani, an independent technical analyst told ETNow
Bharti Airtel: Buy| Target Rs 1020| Stop Loss Rs 940

Balrampur Chini Mills: Buy| Target Rs 500| Stop Loss Rs 430

NCC: Buy| Target Rs 190| Stop Loss Rs 164

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(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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