F&O stocks to buy today: SAIL, Axis Bank among top 9 trading ideas for 26 March

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The Indian market is likely to consolidate on Tuesday tracking muted global cues.

The Nifty future closed positive with gains of 0.24% at 22,155 levels on Friday. The India VIX was down by 2.34% from 12.51 to 12.22 levels.

On the options front, the maximum Call OI is placed at 23000 and then towards 22,500 strikes while the maximum Put OI is placed at 22,000 and then towards 2,1800 strikes.

Call writing is seen at 22,500 and then towards 22,300 strikes while Put writing is seen at 22,000 and then towards 21,900 strikes.

“Options data suggests a shift in trading range in between 21,600 to 22,500 zones while an immediate trading range in between 21,800 to 22,350 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

“Nifty formed a Bullish Engulfing candle on the daily scale and a Bullish candle with longer lower shadow on the weekly frame on Friday suggesting strong support-based buying,” he said.“Now the index has to continue to hold above 22,000 zones for an up move towards 22,222 then 22,350 while on the flipside, support is placed at 21,880 then 21,750 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: Sagar Doshi, Technical Analyst Research at Nuvama Wealth told ETBureau

PI Industries: Buy| Target Rs 4060| Stop Loss Rs 3664

SRF: Buy| Target Rs 2725| Stop Loss Rs 2458

Zydus Life: Buy| Target Rs 1070| Stop Loss Rs 966

Expert: Nooresh Merani, an independent technical analyst told ETNow

Axis Bank: Buy| Target Rs 1130| Stop Loss Rs 1000

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

SAIL: Buy| Target Rs 150| Stop Loss Rs 120

Expert: Kunal Bothra, Market Expert told ETNow

PI Industries: Buy| Target Rs 3950| Stop Loss Rs 3700

HDFC AMC: Buy| Target Rs 3900| Stop Loss Rs 3700

EIL: Buy| Target Rs 205| Stop Loss Rs 188

(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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