India VIX, a measure of volatility in Nifty, was reported at 13.81 on Friday, up 1.35%.
Sameet Chavan, Head Research, Technical and Derivative – Angel One sees Nifty revisiting the 21,900 -21,850 zone, which corresponds to significant swings on the hourly chart and coincides with the 50-EMA on the daily chart. He sees another wave of intense selling below these levels.
Currently, the immediate trading range is between 21,850 and 22,300, and given the volatility, traders should remain flexible to trade on both sides of the trend, Chavan advised.
We have collated stocks from various experts for traders who have a short-term trading horizon:
Expert: Shrikant Chouhan, Head of Equity Research (Retail) told ETBureau
Cummins India: Buy | Target: Rs 2,820 | Stop Loss: Rs 2,690 | Last Close: Rs 2,740
Maruti Suzuki: Buy | Target: Rs 11,700 | Stop Loss: Rs 11,200 | Last Close: Rs 11,365
Sun Pharmaceuticals: Buy | Target: Rs 1,620 | Stop Loss: Rs 1,550 | Last Close: Rs 1,569.85
DLF: Buy | Target: Rs 865 | Stop Loss: Rs 825 | Last Close: Rs 840.05
Expert: Kunal Bothra, Market Expert told ETNow
Wipro: Buy | Target Rs 550 | Stop Loss Rs 3,850
DMart: Buy | Target Rs 4,400 | Stop Loss Rs 440
PB Fintech: Buy | Target Rs 1,170 | Stop Loss Rs 1,100
Expert: Nooresh Merani, an independent technical analyst told ETNow
Maruti Suzuki: Buy | Target Rs 12,300 | Stop Loss Rs 11,200
Tata Steel: Buy | Target Rs 155 | Stop Loss Rs 135
Tech Mahindra: Buy | Target Rs 1,400 | Stop Loss Rs 1,250
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
