Stocks to buy today: Bharat Forge, Trent among 5 trading ideas for Monday, June 9, 2025
ADVERTISEMENT The Nifty future closed positively with gains of 0.92% at 25090 levels on Friday. Indian VIX fell more than 3% to close at 14.63 in the previous trading session.
On the options front, the maximum Call OI is placed at 25500 and then towards 26000 strikes, while the maximum Put OI is placed at 25000 and then towards 24800 strikes.
Call writing is seen at 25500 and then towards 25600 strikes, while Put writing is seen at 25000 and then towards 24900 strikes.
'Options data suggests a broader trading range in between 24500 to 25500 zones while an immediate range between 24800 to 25200 levels,' Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said. 'On the weekly chart, the index formed a strong bullish candle and is now on the verge of a potential Pole & Flag breakout. It formed a bullish candle on the daily chart on Friday as well, continuing its sequence of higher lows for the last three sessions,' he added.
ADVERTISEMENT 'Now the index has to hold above 25000 zones for an up move towards 25200, then 25400 levels, while on the downside support is seen at 24850, then 24700 zones,' recommended Taparia.
Bharat Forge: Buy| Target Rs 1355| Stop Loss Rs 1266
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Oberoi Realty: Buy| Target Rs 2020| Stop Loss Rs 1855
Manappuram Finance: Buy| Target Rs 260| Stop Loss Rs 241
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L&T Finance (June 26 Expiry): Buy| Target Rs 200| Stop Loss Rs 185
Trent (June 26 Expiry): Buy| Target Rs 6000| Stop Loss Rs 5675
ADVERTISEMENT (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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