F&O stocks to buy today: BPCL, Lupin among top 6 trading ideas for 22 May 2024
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Synopsis
The overall bias remains on the positive side, and the Nifty seems to have stabilised near the 22,500 zones in the last 2-3 sessions despite volatility.
BSE-listed firms surpassed the $5 trillion market capitalization mark on Tuesday which places India alongside the United States and China.
The overall bias remains on the positive side, and the Nifty seems to have stabilised near the 22,500 zones in the last 2-3 sessions despite volatility.
“The overall bias maintained positive, we expect the levels near the 22,400 zone to be sustained in the coming days, and a decisive breach above 22,600 levels shall further strengthen the trend to expect for the next target of the 22,900 level,” says Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher.
“Sensex is hovering around the 74,000 level and above the 0.618% retracement level of the recent fall, and a close above the level of 74,200 can lead the index towards the 74,500 level,” highlighted Parekh.
Stocks Recommendations
Britannia Industries: Buy | Target: Rs 5350 | Stop Loss: Rs 5085
Indian Bank: Buy | Target: Rs 623 | Stop Loss: Rs 555
Expert: Nooresh Merani, an independent technical analyst told ETNow
JSW Steel: Buy | Target: Rs 1,000| Stop Loss: Rs 910
BPCL: Buy | Target: Rs 700 | Stop Loss: Rs 630
SCI: Buy | Target: Rs 270 | Stop Loss: Rs 230
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
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