Stocks to buy today: Infosys, Sun Pharma among top 6 trading ideas for 23 April 2025
The Indian market is likely to trade higher on Wednesday, tracking positive global cues.
ADVERTISEMENT The Nifty future closed positively with gains of 0.12% at 24164 levels on Tuesday. India VIX fell 1.8% to close at 15.23 in the previous session.
On the options front, the maximum Call OI is placed at 24,200 and then towards 24,500 strikes while the maximum Put OI is placed at 24,000 and then towards 24,100 strikes.
Call writing is seen at 24,200 and then towards 24,400 strikes, while Put writing is seen at 24,000 and then towards 24,100 strikes.
'Options data suggests a broader trading range in between 23,500 to 24,500 zones while an immediate range between 23,800 to 24,300 levels,' Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said. 'Nifty formed a Doji sort of a candle on the daily frame on Tuesday and has been making higher lows from the last eight trading sessions,' he added.
ADVERTISEMENT 'Now the index has to hold above 24,050 zones for an up move towards 24,350 then 24,500 levels while supports can be seen at 24,000 and then 23,850 level,' recommended Taparia.
ADVERTISEMENT Crompton Greaves Consumer Electricals Ltd: Buy| Target Rs 368| Stop Loss Rs 344
Sun Pharma: Buy| Target Rs 1787| Stop Loss Rs 1727
Hindustan Unilever: Buy| Target Rs 2455| Stop Loss Rs 2375
ADVERTISEMENT
Infosys: Buy| Target Rs 1446| Stop Loss Rs 1408
Hindustan Unilever: Buy| Target Rs 2500| Stop Loss Rs 2350
ADVERTISEMENT Aarti Industries: Buy| Target Rs 455| Stop Loss Rs 424
(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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