F&O stocks to buy today: RIL, Federal Bank among top 9 trading ideas for 13 June 2024

On the options front, the weekly maximum Call OI is placed at 23,500 and then towards 23,400 strikes while the maximum Put OI is placed at 23,000 and then towards 23,200 strikes.

Call writing is seen at 23,400 and then towards 23,500 strikes while Put writing is seen at 23,300 and then towards 23,100 strikes.

“Options data suggests a broader trading range in between 22,800 to 23,700 zones while an immediate range between 23,100 to 23,500 levels,” says Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited.

“Nifty formed a small-bodied bearish candle on the daily frame on Wednesday. Volatility has cooled off from its significant highs and is comforting the bulls,” he said.

“Now the index has to hold above 23,200 zones for an upside move towards 23,500 then 23,700 zones whereas supports are placed at 23,100 then 23,000 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: Kunal Bothra, Market Expert told ETNow

Bank of Baroda: Buy| Target Rs 296| Stop Loss Rs 277

: Buy| Target Rs 184| Stop Loss Rs 169

Usha Martin: Buy| Target Rs 400| Stop Loss Rs 365

Expert: Nooresh Merani, an independent technical analyst told ETNow

: Buy| Target Rs 3200| Stop Loss Rs 2900

IEX: Buy| Target Rs 190| Stop Loss Rs 168

Lumax Auto Technologies: Buy| Target Rs 600| Stop Loss Rs 480

Expert: Jayesh Bhanushali, Senior Derivative & Technical Research Analyst, IIFL told ETBureau

Petronet LNG: Buy| Target Rs 340| Stop Loss Rs 308

Cholamandalam Investment: Buy| Target Rs 1420| Stop Loss Rs 1320

JSW Steel: Buy| Target Rs 960| Stop Loss Rs 890

(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)