Stocks to Buy Today: Wipro, Syngene among top 6 trading ideas for 27 November 2024

The Indian market is likely to trade higher on Wednesday, tracking positive global cues.

The Nifty futures closed negative with a loss of 0.28% at 24,205 levels on Tuesday. India VIX closed at 15.30.

On the options front, the maximum Call OI is at the 25,000 strike, followed by the 24,500 strike, while the maximum Put OI is at the 23,500 strike, followed by the 24,000 strike.


Call writing is observed at 24,500 and 24,400 strikes, while Put writing is seen at 24,100 and 24,000 strikes.

“Options data suggests a broader trading range between the 23,700 and 24,700 zones, with an immediate range between the 24,000 and 24,500 levels,” said Chandan Taparia, Head of Equity Derivatives & Technicals, Wealth Management, MOFSL.

“Nifty formed a bearish candle on the daily chart on Tuesday, and follow-through was missing,” he added. “Now, the index needs to hold above the 24,150 level for an upward move toward 24,350 and then 24,500. Support is placed at 24,150 and 24,000 levels,” Taparia recommended.

We have compiled a list of stocks from the F&O basket and the cash market from various experts for traders with a short-term trading horizon:

Expert: Kunal Bothra, Market Expert (ETNow):

Wipro: Buy | Target Rs 615 | Stop Loss Rs 570

City Union Bank: Buy | Target Rs 188 | Stop Loss Rs 171

Kaynes: Buy | Target Rs 6100 | Stop Loss Rs 5900

Expert: Nooresh Merani, Independent Technical Analyst (ETNow):

Metropolis Healthcare: Buy | Target Rs 2250 | Stop Loss Rs 2120

Syngene: Buy | Target Rs 950 | Stop Loss Rs 890

Birla Soft: Buy | Target Rs 650 | Stop Loss Rs 580

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