Stocks to buy or sell today: SBI, Maruti among top 10 trading ideas for 22 October 2024

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

The Nifty future closed negative with losses of 0.77% at 24757 levels on Monday.


On the options front, the maximum Call OI is placed at 25000 and then towards 25500 strikes while the maximum Put OI is placed at 24000 and then towards 24500 strikes.

Call writing is seen at 25000 and then towards 24800 strikes while Put writing is seen at 24750 and then towards 24000 strikes.


“Options data suggests a broader trading range in between 24500 to 25300 zones while an immediate range between 24600 to 25000 levels,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

“Nifty formed a Bearish Belt Hold sort of candle on the daily frame on Monday and closed below 24800 zones,” he said.“Now till Nifty holds below 24850 zones, weakness could be seen towards 24650 then 24500 zones whereas hurdles are placed at 24850 then 25000 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: Ajit Mishra, SVP - Technical Research, Religare Broking Ltd told ETBureau


Dr Reddy’s Laboratories: Buy| Target Rs 7180| Stop Loss Rs 6590

National Aluminum Company: Buy| Target Rs 246| Stop Loss Rs 222

Coal India: Sell| Target Rs 465| Stop Loss Rs 495

REC Ltd: Sell| Target Rs 510| Stop Loss Rs 540

Expert: Kunal Bothra, Market Expert told ETNow


SBI: Buy| Target Rs 850| Stop Loss Rs 794

Maruti Suzuki: Buy| Target Rs 12500| Stop Loss Rs 11900

CRISIL: Buy| Target Rs 5200| Stop Loss Rs 4750

Expert: Nooresh Merani, an independent technical analyst told ETNow


Dr Reddy’s Laboratories: Buy| Target Rs 7100| Stop Loss Rs 6660

Siemens: Sell| Target Rs 7100| Stop Loss Rs 7600

HDFC Life: Buy| Target Rs 790| Stop Loss Rs 730

(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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