Indian markets are predicted to trade higher on Monday following optimistic global cues, with Nifty forming higher highs for thirteen weeks. Monthly maximum Call OI is placed at 18,800, while the monthly maximum Put OI is at 18,500. Suggested stocks for short-term traders include Dr. Reddy’s Laboratories, Bharti Airtel, and IndusInd Bank from Chandan Taparia, while Nooresh Merani’s recommendations include Bharti Airtel, NTPC, and BHEL. Kunal Bothra suggests buying Cummins India, Trent Ltd, and AB Capital. However, these are independent opinions and not the views of the Economic Times.
Sugar stocks rally continues: Balrampur Chini, Dhampur Sugar, Uttam Sugar Mills rally up to 4%. Two big triggers
Sugar stocks rallied as domestic sugar prices surged sharply over the past month. Government data showed retail prices rising from Rs 48.18/kg on July 20