Indian market is likely to trade lower on Monday tracking muted global cues.Benchmark indices started Samvat 2081 on a positive note in the special Diwali mahurat trading session on Friday.On the options front, the maximum Call OI is placed at 24,300 and then towards 24,500 strikes while the maximum Put OI is placed at 23,000 and then towards 24,000 strikes.Call writing is seen at 24,300 and then towards 24,700 strikes while Put writing is seen at 23,000 and then towards 24,200 strikes.“Options data suggests a broader trading range in between 23,800 to 24,600 zones while an immediate range between 24,000 to 24,400 levels,” Chandan Taparia, Head, Equity Derivatives & Technicals, Wealth Management, MOFSL, said“Nifty formed a bearish candle on the daily frame on Thursday and broke its higher lows formation of the last three sessions,” he said.“Now the index has to cross and hold above 24,250 zones, for some bounce back move towards 24,350 then 24,500 zones whereas support can be seen at 24,150 then 24,000 zones,” recommended Taparia.We have collated a list of stocks from the F&O basket along with cash market from various experts for traders who have a short-term trading horizon:Expert: Sagar Doshi, Technical Analyst Research at Nuvama Wealth told ETBureauSyngene International: Buy| Target Rs 922| Stop Loss Rs 838IPCA Laboratories: Buy| Target Rs 1710| Stop Loss Rs 1555UPL: Buy| Target Rs 593| Stop Loss Rs 542Expert: Kunal Bothra, Market Expert told ETNowAsian Paints: Sell| Target Rs 2840| Stop Loss Rs 2980Britannia Industries: Sell| Target Rs 5600| Stop Loss Rs 5750Laurus Labs: Buy| Target Rs 520| Stop Loss Rs 487(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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