The Indian market is likely to consolidate on Thursday tracking mixed global cues.India VIX closed higher by 6.85% on Wednesday and is currently trading at 15.51.Foreign institutional investors (FIIs) sold equities worth Rs 4,613 crore on October 30, while domestic institutional investors bought equities worth Rs 4,518 crore on the same day.“The Nifty 50 index failed to hold at higher levels and ended on a negative note on Wednesday. Looking ahead, 24,500 is a crucial level and the index needs to close and sustain above this to counter the current downtrend, with 24,750 as the next resistance level,” Hardik Matalia, Derivative Analyst at Choice Broking, said.“A strong close and sustained move above 24,800 could open up fresh buying opportunities. On the downside, 24,200 is a key support level; a break below this could pull the index towards the 23,800 mark,” he said.“Traders are advised to exercise caution, implement strict stop-loss measures, and avoid holding long positions overnight to manage risk in this volatile environment,” recommended Matalia.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: Jayesh Bhanushali, Senior Derivative & Technical Research Analyst, IIFL told ETBureauBharat Electronics: Buy| Target Rs 303| Stop Loss Rs 279SBI: Buy| Target Rs 855| Stop Loss Rs 800Maruti Suzuki India: Buy| Target Rs 11725| Stop Loss Rs 10880Expert: Kunal Bothra, Market Expert told ETNowContainer Corp: Buy| Target Rs 875| Stop Loss Rs 805Aditya Birla Capital: Buy| Target Rs 226| Stop Loss Rs 210BEML: Buy| Target Rs 4200| Stop Loss Rs 3850Expert: Nooresh Merani, an independent technical analyst told ETNowWipro: Buy| Target Rs 600| Stop Loss Rs 540UPL: Buy| Target Rs 620| Stop Loss Rs 530Bank of Baroda: Buy| Target Rs 270| Stop Loss Rs 245(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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