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Time of India
18-06-2025
- Business
- Time of India
Stocks to buy today: Indus Towers, Tata Elxsi among 6 trading ideas for 18 June 2025
The Indian market is likely to consolidate on Wednesday, tracking mixed global cues. The Nifty50 index closed 93 points lower at 24,853 on Tuesday. Indian VIX fell nearly 3% to close at 14.40 in the previous session. The daily Relative Strength Index (RSI) has eased to 52, down from recent peaks, suggesting a loss of momentum but not a reversal yet. Meanwhile, MACD remains in negative crossover mode, reflecting the consolidation phase. Technically, the Nifty50 is holding above the 20-day SMA at 24,830, but failed to reclaim the 25,000 zone, which continues to act as a stiff hurdle. 'The price action is largely sideways within a narrow band, showing indecision post the recent recovery,' Om Mehra, Technical Research Analyst, SAMCO Securities, said. 'The immediate support is seen at 24,700, followed by 24,650. On the upside, the 25,000-25,170 range remains a key resistance band; a close above this level may revive bullish sentiment,' he added. The Nifty Bank ended the session at 55,714.15, down 0.41% on Tuesday, forming a mild bearish candle after facing resistance near the 56,000 zone. We have collated stocks from various experts for traders who have a short-term trading horizon: Expert: Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas told ETBureau Chambal Fertilisers & Chemicals Ltd: Buy| Target Rs 572| Stop Loss Rs 545 Asahi India Ltd : Buy| Target Rs 787| Stop Loss Rs 738 Indus Towers Ltd : Buy| Target Rs 411| Stop Loss Rs 382 Expert: Kunal Bothra, Market Expert told ETNow PB Fintech Ltd : Buy| Target Rs 1990| Stop Loss Rs 1920 Tata Elxsi Ltd : Buy| Target Rs 6800| Stop Loss Rs 6250 Supreme Industries Ltd : Buy| Target Rs 4770| Stop Loss Rs 4560 ( Disclaimer : Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times) ETMarkets WhatsApp channel )
Economic Times
21-05-2025
- Business
- Economic Times
Stocks to buy or sell today: City Union Bank, GAIL among top 4 trading ideas for 21 May 2025
The Nifty futures ended in the red on Tuesday, declining by 0.78% to settle at 24,782 levels. Meanwhile, India VIX edged up slightly to close at 17.38 in the previous session. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads We have collated stocks from various experts for traders who have a short-term trading horizon: Expert: Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas told ETBureau F&O Strategy – The Indian market is likely to consolidate on Wednesday, tracking mixed global Nifty future closed negatively with a loss of 0.78% at 24,782 levels on Tuesday. India VIX rose marginally to close at 17.38 in the previous the options front, the maximum Call OI is placed at 25,000 and then towards 25,100 strikes, while the maximum Put OI is placed at 24,000 and then towards 24,500 writing is seen at 25,000 and then towards 24,800 strikes while Put writing is seen at 24,500 and then towards 24,300 strikes.'Options data suggests a broader trading range in between 24,300 to 25,200 zones while an immediate range between 24,500 to 24,900 levels,' Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.'Further, the index has been forming lower highs for the last three trading sessions, indicating a cautious undertone in the market. It formed a bearish candle on the daily chart on Tuesday and closed the day near its day's low,' he added.'Now till Nifty50 holds below 24,850 zones, profit booking could be seen towards 24,550 then 24,444 zones while hurdles can be seen at 24,850 then 25,000 zones,' recommended Bank formed a bearish candle on the daily scale on Tuesday as selling pressure was seen at higher Target Rs 203| Stop Loss Rs 189Buy| Target Rs 1265| Stop Loss Rs 1200Buy| Target Rs 203| Stop Loss Rs 186UPL (May FUT): Sell| Target Rs 610| Stop Loss Rs 645
Time of India
23-04-2025
- Business
- Time of India
Stocks to buy today: Infosys, Sun Pharma among top 6 trading ideas for 23 April 2025
The Indian stock market is expected to open higher on Wednesday, supported by positive cues from global markets. Nifty futures ended in the green on Tuesday, posting a modest gain of 0.12% to settle at 24,164 levels. Meanwhile, India VIX declined by 1.8%, closing at 15.23 in the previous session. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads We have collated stocks from various experts for traders who have a short-term trading horizon: Expert: Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas told ETBureau Expert: Kunal Bothra, Market Expert told ETNow The Indian market is likely to trade higher on Wednesday, tracking positive global Nifty future closed positively with gains of 0.12% at 24164 levels on Tuesday. India VIX fell 1.8% to close at 15.23 in the previous the options front, the maximum Call OI is placed at 24,200 and then towards 24,500 strikes while the maximum Put OI is placed at 24,000 and then towards 24,100 writing is seen at 24,200 and then towards 24,400 strikes, while Put writing is seen at 24,000 and then towards 24,100 strikes.'Options data suggests a broader trading range in between 23,500 to 24,500 zones while an immediate range between 23,800 to 24,300 levels,' Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.'Nifty formed a Doji sort of a candle on the daily frame on Tuesday and has been making higher lows from the last eight trading sessions,' he added.'Now the index has to hold above 24,050 zones for an up move towards 24,350 then 24,500 levels while supports can be seen at 24,000 and then 23,850 level,' recommended Target Rs 368| Stop Loss Rs 344Buy| Target Rs 1787| Stop Loss Rs 1727Buy| Target Rs 2455| Stop Loss Rs 2375Buy| Target Rs 1446| Stop Loss Rs 1408Buy| Target Rs 2500| Stop Loss Rs 2350Buy| Target Rs 455| Stop Loss Rs 424: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
