stocks to buy: F&O stocks to buy today: Bharti Airtel, Tata Motors among top 9 trading ideas for 28 February 2024

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The Indian market was off to a muted start on Wednesday, expected to consolidate going further tracking mixed global cues.

The Nifty future closed positive with gains of 0.25% at 22196 levels on Tuesday. India VIX was up by 0.82% from 15.60 to 15.72 levels. Volatility has been rising from the last two sessions.

Positive setup was seen in stocks like Tata Motors, Havells, ABB, TCS, Tata Comm, Voltas, Power Grid, Cipla, HAL, Godrej Prop, DLF, Godrej Consumer, and LT.

On the options front, the maximum Call OI is placed at 22,500 and then towards 22,700 strikes while the maximum Put OI is placed at 22,000 and then towards 22,100 strikes.

Minor Call writing is seen at 22,500 and then towards 22,350 strikes while some Put writing is seen at 22,000 and then towards 22,100 strikes.

“Options data suggests a broader trading range in between 21,900 to 22,500 zones while an immediate trading range in between 22,050 to 22,300 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.“Nifty formed a bullish candle on Tuesday and recouped all the losses of the previous session,” he said.“Now the index has to hold above 22,200 zones, for an upside move towards 22300 then 22450 zones whereas supports are placed at 22,050 then 21,900 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: Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas told ETBureau

Bharti Airtel: Buy| Target Rs 1162| Stop Loss Rs 1096

Eicher Motors: Buy| Target Rs 4346| Stop Loss Rs 3895

PEL: Buy| Target Rs 942| Stop Loss Rs 898

Expert: Kunal Bothra, Market Expert told ETNow

Tata Motors: Buy| Target Rs 980| Stop Loss Rs 940

CESC: Buy| Target Rs 138| Stop Loss Rs 127

KEC International: Buy| Target Rs 740| Stop Loss Rs 680

Expert: Nooresh Merani, an independent technical analyst told ETNow

Eicher Motors: Buy| Target Rs 4400| Stop Loss Rs 3900

Container Corp: Buy| Target Rs 1100| Stop Loss Rs 940

KNR Construction: Buy| Target Rs 320| Stop Loss Rs 265

(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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