The Indian market is likely to consolidate on Friday, tracking muted global cues.

The Nifty future closed in the negative, with losses of 0.97%, at 24,021 levels on Thursday.

On the options front, the maximum Call OI is placed at 25,000 and then towards the 26,000 strikes, while the maximum Put OI is placed at 23,000 and then towards the 24,000 strikes.

Call writing is observed at 24,000 and then towards the 24,200 strikes, while Put writing is seen at 24,000 and then towards the 23,500 strikes.

“Options data suggests a broader trading range between 23,400 to 24,400 zones, with an immediate range between 23,700 to 24,200 levels,” said Chandan Taparia, Head of Equity Derivatives & Technicals, Wealth Management, MOFSL.

“Nifty formed a small-bodied bullish candle on the daily chart on Thursday, with a longer upper shadow, and has been making lower lows for the last four sessions,” he added.

“Now, as long as it holds below the 24,000 zone, weakness could be seen towards 23,850, then 23,500 zones, whereas hurdles can be seen at 24,150 and 24,350 zones,” Taparia recommended.

We have collated a list of stocks from the F&O basket, along with the cash market, from various experts for traders with a short-term trading horizon:

Expert: Amol Athawale, VP – Technical Research at Kotak Securities

Wipro: Buy | Target Rs 323 | Stop Loss Rs 307

SAIL: Buy | Target Rs 123 | Stop Loss Rs 115

Coal India: Buy | Target Rs 405 | Stop Loss Rs 386

Apollo Hospitals: Buy | Target Rs 7,540 | Stop Loss Rs 7,210

Expert: Kunal Bothra, Market Expert, told ETNow

LIC: Buy | Target Rs 925 | Stop Loss Rs 880

Abbott India: Buy | Target Rs 30,000 | Stop Loss Rs 28,500

Expert: Nooresh Merani, Independent Technical Analyst, told ETNow

Infosys: Buy | Target Rs 2,050 | Stop Loss Rs 1,920

Lupin: Buy | Target Rs 2,250 | Stop Loss Rs 2,140

Muthoot Finance: Buy | Target Rs 2,250 | Stop Loss Rs 2,050