F&O stocks to buy today: 7 short-term trading ideas by experts for 8 January, 2024

Indian benchmark indices ended Friday in the green, maintaining their two-session gaining streak on buying action in IT and auto stocks. The S&P BSE Sensex finished at 72,026, up by 178.58 points or 0.25%. Meanwhile, the broader Nifty settled at 21,710.80, higher by 52.20 points or 0.24%.

India VIX, a measure of volatility in Nifty, was reported at 12.63 on Friday, down 5.25%.

“Overall we expect markets to remain in a positive range. Stock-specific action will gather pace with the start of the earning season,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal.

We have collated stocks from various experts for traders who have a short-term trading horizon:

Expert: Chandan Taparia, Derivatives & Technical Analyst told ETBureau
Exide Industries: Buy | Target: Rs 347 | Stop Loss: Rs 320 | Last Close: Rs 329

Axis Bank: Buy | Target: Rs 1,185 | Stop Loss: Rs 1,111 | Last Close: Rs 1,136

ONGC: Buy | Target: Rs 226 | Stop Loss: Rs 211 | Last Close: Rs 216

Godrej Properties: Buy | Target: Rs 2,340 | Stop Loss: Rs 2,195 | Last Close: Rs 2,294

Expert: Kunal Bothra, Market Expert told ETNow
Escorts Kubota: Buy | Target Rs 2,840 | Stop Loss Rs 2,750

Poonawala Fincorp: Buy | Target Rs 480 | Stop Loss Rs 440

Biocon: Buy | Target Rs 300 | Stop Loss Rs 284

(You can now subscribe to our ETMarkets WhatsApp channel)

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)