F&O stocks to buy today: ICICI Bank, HDFC Bank among top 9 trading ideas for 21 February 2024

Indian market is prone to commerce larger on Wednesday monitoring constructive international cues.

The Nifty future closed constructive with positive aspects of 0.27% at 22231 ranges on Tuesday. India VIX moved up by 0.31% from 16.02 to 16.07 ranges.

Optimistic buying and selling setup was seen in shares like Energy Grid, Deepak Nitrite, Aarti Industries, BHEL, HDFC Financial institution, Axis Financial institution, NTPC, DLF, HPCL, Apollo Hospital, Indigo, Pidilite Industries, Grasim, SBI Life, ONGC, Indian Resorts and so forth. amongst others.

On the choices entrance, the utmost Name OI is positioned at 22600 after which in the direction of 22500 strikes whereas the utmost Put OI is positioned at 22000 after which in the direction of 22100 strikes.

Minor Name writing is seen at 22500 after which in the direction of 22550 strikes whereas some Put writing is seen at 22100 after which in the direction of 22150 strikes.

“Choices information suggests a broader buying and selling vary in between 21900 to 22500 zones whereas an instantaneous buying and selling vary in between 22000 to 22350 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Monetary Providers Restricted, stated.“Nifty fashioned a Bullish candle on the every day scale on Tuesday with an extended decrease shadow indicating sturdy support-based shopping for and it closed close to its day’s excessive with positive aspects of round 70 factors,” he stated.“Now the index has to carry above 22100 zones, for an upside transfer in the direction of 22350 then 22500 zones whereas helps are positioned at 22050 then 21900 zones,” beneficial Taparia.

We have now collated an inventory of shares from the F&O basket together with money market from varied specialists for merchants who’ve a short-term buying and selling horizon:

Professional: Nagaraj Shetti, Technical Analysis Analyst, HDFC Securities Ltd informed ETBureau

Energy Grid: Purchase| Goal Rs 302| Cease Loss Rs 280

JustDial: Purchase| Goal Rs 955| Cease Loss Rs 865

Adani Wilmar: Purchase| Goal Rs 390| Cease Loss Rs 356

Professional: Kunal Bothra, Market Professional informed ETNow

HDFC Financial institution: Purchase| Goal Rs 1500| Cease Loss Rs 1425

Nestle India: Purchase| Goal Rs 2600| Cease Loss Rs 2500

Castrol India: Purchase| Goal Rs 222| Cease Loss Rs 199

Professional: Nooresh Merani, an impartial technical analyst informed ETNow

ICICI Financial institution: Purchase| Goal Rs 1150| Cease Loss Rs 1020

SBI Life: Purchase| Goal Rs 1650| Cease Loss Rs 1480

Bajaj Client: Purchase| Goal Rs 255| Cease Loss Rs 217

(Disclaimer: Suggestions, recommendations, views, and opinions given by specialists are their very own. These don’t characterize the views of the Financial Instances)

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