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    F&O stocks to buy today: TVS Motor, BEL among top 9 trading ideas for 27 March 2024

    Synopsis

    In the cash market, both FIIs and DIIs bought to the tune of Rs 10.13 crore and Rs 5024.36 cr on Tuesday. FIIs' long short ratio for index futures is at 33.02 as on a net basis, they sold 3025 index futures.

    F&O stocks to buy today: TVS Motor, BEL among top 9 trading ideas for 27 March 2024
    The Indian market is likely to consolidate on Wednesday tracking mixed global cues. Nifty future closed negative with losses of 0.32% at 22,095 levels on Tuesday. The India VIX was up by 4.91% from 12.22 to 12.82 levels.

    The Nifty monthly series PCR is currently at 1.05. Meaningful call writing is witnessed across 22,000-22,100 strikes, while put writing was witnessed in 22,000-21,900 strikes.

    “Looking at the OI data, the overall range for the coming few sessions could be 21,880 on the downside and 22,150 on the upside,” Sudeep Shah, Deputy Vice President, Head of Technical and Derivative Research, SBI Securities, said.

    “On the technical front, the 50-Day EMA zone of 22080-22100 will be the immediate hurdle for the index. Any sustainable move above the level of 22100 will lead to a short-covering move in Nifty towards 22,230-22,280 in the short term,” he said.

    “On the downside, the 50-day EMA zone of 21880-21900 will act as a crucial support zone for the index. If the index slips below 21880, it will lead to further selling pressure in the index up to the 21790-21750 level,” highlighted Shah.

    In the cash market, both FIIs and DIIs bought to the tune of Rs 10.13 crore and Rs 5024.36 cr on Tuesday. FIIs' long short ratio for index futures is at 33.02 as on a net basis, they sold 3025 index futures.

    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

    Havells India: Buy | Target: Rs 1515 | Stop Loss: Rs 1472

    Petronet LNG: Buy | Target: Rs 279 | Stop Loss: Rs 259

    TVS Motors: Buy | Target: Rs 2163 | Stop Loss: Rs 2045

    Expert: Kunal Bothra, Market Expert told ETNow

    BEL: Buy | Target: Rs 214 | Stop Loss: Rs 194

    Poonawala Fincorp: Buy | Target: Rs 540 | Stop Loss: Rs 450

    Hindustan Copper: Buy | Target: Rs 300 | Stop Loss: Rs 270

    Expert: Nooresh Merani, an independent technical analyst told ETNow

    Hindalco: Buy | Target: Rs 600 | Stop Loss: Rs 550

    Naukri: Buy | Target Rs 5800 | Stop Loss: Rs 5100

    Triveni Turbine: Buy | Target: Rs 600 | Stop Loss: Rs 515

    (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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    (You can now subscribe to our ETMarkets WhatsApp channel)

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    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

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