Stocks to buy or sell today: RIL, Wipro among top 9 trading ideas for 23 October 2024

Indian market is likely to edge higher on Wednesday tracking positive global cues.

The Nifty future closed negative with losses of 1.06% at 24,525 levels on Tuesday.

On the options front, the maximum Call OI is placed at 25,000 and then towards 25,200 strikes while the maximum Put OI is placed at 24,000 and then towards 23,500 strikes.


Call writing is seen at 24,600 and then towards 24,700 strikes while Put writing is seen at 24,400 and then towards 24,300 strikes.

“Options data suggests a broader trading range in between 24,000 to 25,000 zones while an immediate range between 24,300 to 24,700 levels,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

“Nifty formed a bearish candle on the daily frame on Tuesday and closed below 24,500 zones with losses of around 310 points,” he said.

“Now till Nifty holds below 24,500 zones, weakness could be seen towards 24,350 then 24,200 zones whereas hurdles are placed at 24,750 then 24,850 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: Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas told ETBureau

Axis Bank: Buy| Target Rs 1206| Stop Loss Rs 1158

Wipro: Buy| Target Rs 565| Stop Loss Rs 532

Balkrishna Industries: Buy| Target Rs 3040| Stop Loss Rs 2880

Expert: Kunal Bothra, Market Expert told ETNow

ICICI Bank: Buy| Target Rs 1300| Stop Loss Rs 1250

Titan Company: Sell| Target Rs 3280| Stop Loss Rs 3380

Dr Lal PathLabs: Buy| Target Rs 3400| Stop Loss Rs 3270

Expert: Nooresh Merani, an independent technical analyst told ETNow

RIL: Buy| Target Rs 2800| Stop Loss Rs 2650

Siemens: Sell| Target Rs 7100| Stop Loss Rs 7600

Aditya Birla Fashion & Retail Ltd: Buy| Target Rs 350| Stop Loss Rs 295

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