Stocks to buy: A list of shares analysts recommend as Nifty50, Nifty Bank enter new F&O series

Stocks to buy in March 2023 F&O series: Dalal Street entered a new monthly series of derivatives (futures & options) contracts on February 24, after the Nifty50 benchmark finished the February series with a loss of 380.7 points or 2.1 per cent. In this special segment  — Pick of the Series — top analysts share a list of stocks you can buy or sell in the March series in conversation with Zee Business Managing Editor Anil Singhvi. 

On the radar of the cream of Dalal Street analysts are stocks such as Indus Towers, Coal India and Cummins India.

Here's the complete list of stocks you can buy or sell in the March series (from February 24 to March 30): 

Rakesh Bansal stock recommendation

Buy Indus Towers (INDUSTOWER) | Target price: Rs 187 | Stop loss: Rs 162  

"The stock has staged a reversal from a technical perspective with positive crossovers on leading and lagging indicators," says Rakesh Bansal of Rakesh Bansal Ventures. 

Kunal Saraogi stock recommendation

Buy Coal India (COALINDIA) | Targets: Rs 221, Rs 225 | Stop loss: Rs 212 

"The Coal India stock has formed a bullish thrusting line candle that can take it to Rs 229-230 levels," says Kunal Saraogi of Equity Rush. 

"Although these levels are of the futures gone by (February) but cash market levels can very well be placed around the same levels," he adds. 

Sacchitanand Uttekar stock recommendation

Sell Bank of Baroda (BANKBARODA) futures | Target: Rs 140 | Stop loss: Rs 174  

Sacchitanand Uttekar of Tradebulls Securities believes a pullback in Bank of Baroda shares can be utilised to add fresh short positions. "The structure of the Bank of Baroda stock appears to be weak, with the formation of a classic falling three (pattern) on the weekly chart which is a rare continuation pattern," he says.

"RSI has given up the 50 level for the first time," Uttekar points out. Levels below the 50 mark on momentum indicator RSI are considered a bearish signal.        

Sumit Bagadia stock recommendation

Buy Larsen & Toubro (LT) | Targets: Rs 2,200, Rs 2,225 | Stop loss: Rs 2,100

Sumeet Bagadia of Choice Broking sees levels around Rs 2,140-2,150 as a buying opportunity in Larsen & Toubro shares with major support at Rs 2,100 and Rs 2,120. 

"One can expect an upmove in the stock in the coming days," he said. 

Rajesh Palviya stock recommendation

Buy Cummins India | Target: Rs 1,660-1,680 | Stop loss: Rs 1,540 

"Buying interest has returned in Cummins India after the recent correction... Given its overall structure, the stock is poised for an upmove," says Rajesh Palviya of Axis Securities.

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