Stocks to buy today: Tata Consumer, ONGC among top 5 trading ideas for 22 January 2025

The Indian market is likely to trade higher on Wednesday, tracking positive global cues. The Nifty futures closed negative with losses of 1.26%, at 23,105 levels on Tuesday. India VIX rose nearly 4% to close at 17.06 in the previous trading session. On the options front, the maximum Call OI is placed at the 24,000 strike, followed by the 23,500 strike, while the maximum Put OI is placed at the 22,000 strike, followed by the 22,500 strike. Call writing is seen at the 23,500 strike, followed by the 23,200 strike, while Put writing is seen at the 22,400 strike, followed by the 22,300 strike. “Options data suggests a broader trading range between the 22,500 to 23,500 zones, with an immediate range between the 22,800 to 23,300 levels,” said Chandan Taparia, Head of Equity Derivatives & Technicals, Wealth Management, MOFSL. Stock Trading Maximise Returns by Investing in the Right Companies By - The Economic Times, Get Certified By India's Top Business News Brand View Program Stock Trading Market 104: Options Trading: Kickstart Your F&O Adventure By - Saketh R, Founder- QuickAlpha, Full Time Options Trader View Program Stock Trading Technical Analysis for Everyone - Technical Analysis Course By - Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities View Program Stock Trading Stock Markets Made Easy By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Renko Chart Patterns Made Easy By - Kaushik Akiwatkar, Derivative Trader and Investor View Program Stock Trading Market 101: An Insight into Trendlines and Momentum By - Rohit Srivastava, Founder- Indiacharts.com View Program Stock Trading Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading By - Rohit Srivastava, Founder- Indiacharts.com View Program Stock Trading Dow Theory Made Easy By - Vishal Mehta, Independent Systematic Trader View Program Stock Trading Market 103: Mastering Trends with RMI and Techno-Funda Insights By - Rohit Srivastava, Founder- Indiacharts.com View Program Stock Trading ROC Made Easy: Master Course for ROC Stock Indicator By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Heikin Ashi Trading Tactics: Master the Art of Trading By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program Stock Trading RSI Made Easy: RSI Trading Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Introduction to Technical Analysis & Candlestick Theory By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program “The Nifty index has not been able to hold above the 23,333 zone as follow-up buying is absent at higher levels. It formed a bearish engulfing candlestick on the daily chart on Tuesday and closed with losses of more than 300 points,” he added. “Now, until the Nifty holds below the 23,200 zone, weakness could continue toward the 22,800 and then the 22,600 zones, while hurdles are placed at the 23,200 and 23,333 zones,” recommended Taparia. We have compiled a list of stocks from the F&O basket, along with cash market picks from various experts, for traders with a short-term trading horizon: Expert: Nagaraj Shetti, Technical Research Analyst, HDFC Securities Ltd, told ET Bureau: Tata Consumer Products : Buy | Target Rs 1,015 | Stop Loss Rs 950 AU Small Finance Bank: Buy | Target Rs 642 | Stop Loss Rs 585 Expert: Kunal Bothra, Market Expert, told ETNow: Poonawala Fincorp Ltd: Buy | Target Rs 344 | Stop Loss Rs 320 ONGC : Buy | Target Rs 280 | Stop Loss Rs 260 SBI Cards & Payment Services Ltd: Buy | Target Rs 800 | Stop Loss Rs 737 ( Disclaimer : Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel )