Stocks to buy today: Titan, L&T among top 4 trading ideas for 12 May 2025

The Indian market is likely to trade higher on Monday, tracking positive global cues.

The Nifty future closed negatively with losses of 0.74% at 24092 levels on Friday. India VIX rose over 2% to close at 21.63 in the previous trading session.

On the options front, the maximum Call OI is placed at 25,000 and then towards 24,500 strikes, while the maximum Put OI is placed at 24,000 and then towards 23,000 strikes.

Call writing is seen at 24,000 and then towards 24,100 strikes, while Put writing is seen at 24,000 and then towards 23,900 strikes.

“Options data suggests a broader trading range in between 23,700 to 24,700 zones while an immediate range between 23,800 to 24,400 levels,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

“The Nifty index broke below its recent six-day range and closed with losses of nearly 270 points. On both the weekly and daily charts, Nifty has formed a bearish candle on Friday, erasing all the gains made in the previous week,” he said.

In the last week, the index failed to hold 24,444 and 24,250 zones, but on the downside, major key support is intact at 23,850 zones.

“If Nifty50 manages to hold above 24,250, then it can head towards 24,555, then 24750 zones, while short-term structure may turn weak only below 23,850 zones,” recommended Taparia.

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

Expert: Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited told ETBureau

L&T: Buy| Target Rs 3600| Stop Loss Rs 3350

Titan Company: Buy| Target Rs 3670| Stop Loss Rs 3430

HAL: Buy| Target Rs 4700| Stop Loss Rs 4400

F&O strategy –

Bharat Forge (29 May Expiry): Buy| Target Rs 1220| Stop Loss Rs 1140

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