Stocks to buy today: Infosys, Hindalco among top trading ideas for 17 September 2024

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Indian market is likely to trade higher on Tuesday tracking positive global cues.

The Nifty future closed in green with a gain of 0.25% at 25,434 levels on Monday. India VIX was down 0.71% from 12.55 to 12.46 levels.


On the options front, the maximum Call OI is placed at 26,000 and then towards 25,400 strikes while the maximum Put OI is placed at 25,000 and then towards 25,200 strikes.

Call writing is seen at 26,000 and then towards 25,700 strikes while Put writing is seen at 25,400 and then towards 25,300 strikes.


“Options data suggests a broader trading range in between 24,900 to 25,800 zones while an immediate range between 25,200 to 25,600 levels,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

“Nifty formed a small-bodied bearish candle on the daily frame on Monday and has been forming higher lows from the last three trading sessions which indicates supports are shifting higher,” he said.“Now the index has to hold above 25,300 zones for an up move towards 25,500 then 25,700 zones whereas supports have shifted higher to 25,250 then 25,150 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

Infosys: Buy | Target Rs 2045| Stop Loss Rs 1888

Hindalco: Buy | Target Rs 720| Stop Loss Rs 663

IndusInd Bank: Buy | Target Rs 1540| Stop Loss Rs 1420

(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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