Stocks to buy today: MCX, Britannia among top 5 trading ideas for 6 June 2025
Call writing is seen at 26000 and then towards 24800 strikes, while Put writing is seen at 24700 and then towards 24800 strikes.
Indian markets may consolidate on June 6 amid mixed global cues. Experts suggest buying MCX, Britannia, Brigade Enterprises, Hindustan Zinc, and UltraTech Cement Futures for short-term gains. Nifty50 must hold 24,700 for upward momentum towards 25,100, with support at 24,500. Options data indicates a broader range between 24,300 and 25,300.
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We have collated stocks from various experts for traders who have a short-term trading horizon:
Expert: Pritesh Mehta, Lead Technical Analyst at YES Securities, told ETBureau
F&O Strategy – Amit Trivedi, VP, YES Securities, told ETBureau
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Indian market is likely to consolidate on Friday, tracking mixed global cues.The Nifty50 closed 130 points higher at 24,750 on Thursday. India VIX slipped by over 4% to close at 15.08.On the options front, the maximum Call OI is placed at 25000 and then towards 26000 strikes, while the maximum Put OI is placed at 24700 and then towards 23500 strikes.Call writing is seen at 26000 and then towards 24800 strikes, while Put writing is seen at 24700 and then towards 24800 strikes.'Options data suggests a broader trading range in between 24300 to 25300 zones while an immediate range between 24600 to 25000 levels,' Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited , said.'On the daily chart, Nifty50 formed a small-bodied bullish candle on Thursday, and it continues to maintain the pattern of higher lows, indicating buying on dips,' he said.'The index remains in a consolidation phase, and a decisive move above 24,900–25,000 or below 24,500 will likely set the tone for the next directional breakout. The FIIs' long-short ratio is hovering near 20%,' recommended Taparia.The Nifty50 has to hold above 24700 zones for an up move towards 24900, then 25100 levels, while on the downside, support is seen at 24650, then 24500 zones.Buy| Target Rs 1430| Stop Loss Rs 1190Buy| Target Rs 545| Stop Loss Rs 477Buy| Target Rs 7590| Stop Loss Rs 6940Buy| Target Rs 11680| Stop Loss Rs 10900Buy| Target Rs 6000| Stop Loss Rs 5400: 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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