Podcast - F&O expiry likely in the range of 10,100-10,200; 3 stocks which could give up to 18% return

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26 Aug, 2025 12:21

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Shitij Gandhi

In recent short covering, call writers were once again seen active, as selling in 10200 and 10250 call strikes was observed which indicates that expiry might end up below 10,200 levels.

However, put writers are still holding sell positions in 10,100 and 10,000 put strikes which indicate expiry in the range of 10,100 to 10,200 levels.

The initial rollover data towards April series indicates long rollover in stocks. However, on any bounce in the prices, the Nifty index will face strong resistance at 10,250-10,300 levels. On the downside, the next support is placed around 10,100-10,050 levels.

Here is a list of top three stocks which could give up to 18% return in the short term:

Network18 Media & Investments Limited: BUY| Target Rs70| Stop Loss Rs53| Return 18%

The stock has been continuously trading lower after testing 62 levels in the recent past. However, prices took support at its 200-days exponential moving average on the daily interval and once again recovered back above its short-term moving averages to form Cup and Handle formation on a daily interval.

This week the breakout above the pattern formation has been witnessed which suggest for more upside in prices moving forward. So, traders can accumulate the stock in a range of Rs59-60 levels for the target of Rs70 and a stop loss below Rs53.

(Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.)

Manappuram Finance Limited: BUY| Target Rs119| Stop Loss Rs102| Return 10%

The stock has been consolidating in range of 100-108 from last seven weeks alongside consistent buying at lower levels which formed the symmetrical triangle pattern on the daily and weekly interval.

This week the breakout above the pattern formation has been witnessed along with positive divergence on secondary indicators like RSI and stochastic indicators which supports for the next up move in prices.

Traders can accumulate the stock in a range of 108-110 for the upside target of 119 and a stop loss below 102.

NTPC Limited: BUY| Target Rs187| Stop Loss 161| Return 10%

The stock has been trading down for the last three months and recently slipped below its 200-days exponential moving average on the daily interval to test 160 level.

However, this month some lower levels buying was seen in the stock which took the prices once again above its 200 days exponential moving average.

Additionally, the stock has formed a cup and handle pattern on a daily interval which is a bullish signal for the prices. Traders can accumulate the stock in a range of 170-171 levels for the upside target of 187 with a stop loss below 161.

Disclaimer: The author is Senior Research Analyst, SMC Global Securities Ltd. The views and investment tips expressed by investment experts on moneycontrol.com are his own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.