F&O stocks to buy today: NBCC, Voltas among top 9 trading ideas

Indian market is likely to edge higher on Thursday tracking positive global cues.The US Federal Reserve holds rates steady but signaled fresh concerns about inflation. However, the session could turn volatile as we are trading near record highs, suggest experts.Positive factors that could support the uptrend include record-high GST revenue, FIIs and DIIs being net buyers, and WTI oil prices falling below $80 a barrel.“Thursday's trading is expected to be volatile as the Federal Reserve maintains interest rates at a 23-year high due to inflation concerns,” Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.“Investors anticipate a pre-election rally and Federal Reserve Chair Powell dismissing talks of 'stagflation'. Nifty's crucial levels are at 22800 resistance and 22000 support,” he said.“Preferred trades include buying Nifty and Bank Nifty within specified zones. Stocks like Coal India, Grasim, IndusInd Bank, and Colgate Palmolive are bullish with an inter-week/inter-month perspective,” highlighted Mehta.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: Gajendra Prabhu, Technical and Derivative Analyst at HDFC Securities told ETBureauBalrampur Chini Mills: Buy| Target Rs 429| Stop Loss Rs 380NBCC: Buy| Target Rs 153| Stop Loss Rs 134Astral Ltd: Buy| Target Rs 2300| Stop Loss Rs 2040Expert: Kunal Bothra, Market Expert told ETNowLaurus Labs: Buy| Target Rs 475| Stop Loss Rs 440Voltas: Buy| Target Rs 1520| Stop Loss Rs 1450PFC: Buy| Target Rs 475| Stop Loss Rs 424Expert: Nooresh Merani, an independent technical analyst told ETNowLIC Housing Finance: Buy| Target Rs 750| Stop Loss Rs 665HDFC AMC: Buy| Target Rs 4250| Stop Loss Rs 3800Crompton Greaves: Buy| Target Rs 360| Stop Loss Rs 305(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own....

Economic Times India - 5/1/2024 11:48:56 PM More News for CL
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