Sectorally, selling was seen in oil & gas, IT, energy, and metal stocks while buying was visible in telecom, realty, and capital goods space.
The highest new OI addition was seen at 18000 for Calls and 17000 for Puts in weekly and at 18000 for Calls and 16000 for Puts in monthly contracts.
The Nifty50 index has strong support near 17,250 levels while some resistance can be seen around 17.600, suggest experts.
“The downside marker at 17250, and hopes to see a close back above 17600, in order to keep up the hopes of a 18600 move in the short-term,” Anand James – Chief Market Strategist at
We have collated stocks from various experts for traders who have a short-term trading horizon:
Expert: Jayesh Bhanushali, Sr Derivatives & technical research analyst, IIFL told ETBureau ICICI Bank: Buy| Target Rs 920| Stop Loss Rs 870 The stock has given a flag pattern breakout.
KEI Industries: Buy| Target Rs 1530| Stop Loss Rs 1425 The stock has given a flag pattern breakout.
Havells India: Buy| Target Rs 1450| Stop Loss Rs 1330 The stock has given a double pattern breakout.
Expert: Kunal Bothra, Market Expert told ETNow
Buy or Sell: Stock ideas by experts for September 01, 2022
ET Now spoke to various experts and here’s what they have to recommend for today’s trading session. Nooresh Merani has a buy/sell recommendation on NTPC and LIC Housing Finance while Kunal Bothra has buy/sell recommendation on Reliance Industries and Coforge for today’s trading session. Check out the targets and stoploss.
RIL: Buy| Target Rs 2700| Stop Loss Rs 2575
Coforge: Sell| Target Rs 3400| Stop Loss Rs 3620
Expert: Nooresh Merani, an independent technical analyst told ETNow NTPC: Buy| Target Rs 175| Stop Loss Rs 158
LIC Housing: Buy| Target Rs 440| Stop Loss Rs 394
Ashok Leyland: Buy| Target Rs 175| Stop Loss Rs 147
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)