Top 8 F&O Stocks to Buy Today: Bajaj Finserv, Gravita, Kotak Mahindra Bank Lead September 16 Trading Ideas

The Indian stock market is expected to open higher on Monday, following positive global trends. On Friday, the Nifty futures closed flat at 25,363.

In the options market, the highest Call Open Interest (OI) is seen at the 26,000 level, followed by the 25,400 level. The highest Put OI is at 25,000, followed by 24,500.

Analysts have observed Call writing at the 26,000 and 25,350 strikes, while Put writing was noted at the 25,300 and 24,900 levels.

According to Chandan Taparia, a derivatives analyst at Motilal Oswal Financial Services, options data indicates that Nifty is likely to trade in a broader range between 24,900 and 25,800, with a narrower range between 25,200 and 25,600.

Nifty formed a small bearish candle on Friday’s daily chart but a bullish engulfing candle on the weekly chart, suggesting a recovery from last week’s losses.

Taparia says that if the index stays above 25,350, it could rise to 25,500 or even 25,750. The support levels are now at 25,250 and 25,100.

Here are some stock recommendations from experts for short-term traders:

Chandan Taparia (Motilal Oswal Financial Services):

• DOMS: Buy | Target: ₹2,970 | Stop Loss: ₹2,777
• Gravita: Buy | Target: ₹2,700 | Stop Loss: ₹2,485
• Oracle Financial Services: Buy | Target: ₹12,850 | Stop Loss: ₹12,000
• Bajaj Finserv (Futures, Sep 26 Expiry): Buy | Target: ₹1,970 | Stop Loss: ₹1,865

Nooresh Merani (Independent Technical Analyst):

• Kotak Mahindra Bank: Buy | Target: ₹1,950 | Stop Loss: ₹1,790
• Tata Communications: Buy | Target: ₹2,200 | Stop Loss: ₹2,000
• L&T Finance: Buy | Target: ₹200 | Stop Loss: ₹173

These recommendations are based on technical analysis and are for traders with a short-term investment horizon.