Stocks to buy or sell today: 4 short-term trading ideas by experts for 8 May 2023

The Indian market is set to consolidate on Monday in line with mixed global cues. While the Nifty50 managed to maintain 18000 levels on Friday, the S&P BSE Sensex fell almost 700 points. On the options front, the maximum call OI lies at 18200 and then 18300 strikes while the maximum put OI lies at 18100 and then 17900 strikes. Options data suggests a trading range of 17700 to 18500 zones, while the immediate range is 17900 to 18300 zones. Brokerage firm recommendations include selling Jindal Steel and Canara Bank, as well as buying L&T Finance Holdings and Intellect Design Arena.