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The Indian stock market is expected to open flat on Friday, 18 September tracking mixed global cues. The trends on Gift Nifty also indicate a muted start for the Indian benchmark indices, Nifty 50 and Sensex today. The Gift Nifty was trading around 23,337 level, a premium of nearly 4 points from the Nifty futures’ previous close. The domestic equity indices ended mixed in the previous session, with the benchmark Nifty 50 closing above 24,260 level. The Sensex lost 21.86 points, or 0.03%, to close at 74,314.59 , while the Nifty 50 settled 53 points, or0.23%, higher at 23,270.60. On the Nifty options front, Chandan Taparia, Head Derivatives & Technicals, Wealth Management, Motilal Oswal Financial Services Ltd, said that themaximum call OI is at 23,300 then 23,800 strike, while maximum put OI is at 23,200 then 23,000 strike. “Call writing is seen at 23,300 then 23,350 strike while Put writing is seen at 23,300 then 23,250 strike. Option data suggests a broader trading range in between 22,800 to 23,600 zones while an immediate range between 23,000 to 23,400 levels,” said Taparia. Nifty 50 index opened on a flattish note and remained range-bound throughout the session amidst subdued momentum. The index failed to sustain higher levels, took support near 23,200, and remained in a sideways trend. It formed a bullish candle on the daily frame, indicating support-based buying at lower levels. “Now till it holds below 23,300 zones weakness could extend towards 23,150 then 23,000 levels while on the upside hurdles can be seen at 23,450 then 23,550 zones,” said Taparia. Bank Nifty index opened marginally lower, but momentum was seen towards the 56,600 zones in the initial hour of the session. However, it failed to hold at higher levels and drifted back to the 56,000 zone in the latter part of the session. It formed a small-bodied candle with a long upper shadow, indicating selling pressure at higher zones, and it relatively underperformed the benchmark index. “Now if it breaks 56,000 zones, weakness could be seen towards 55,750 then 55,500 zones, while resistance can be seen at 56,500 then 56,750 zones,” the MOFSL analyst added. Chandan Taparia has recommended three stocks to buy today, 7 August 2026. Taparia recommends buying Laurus Labs, Bharat Heavy Electricals Ltd (BHEL), and HDFC Life Insurance Company shares. Stock is in an overall uptrend and continues to respect its 20 DEMA, indicating sustained buying interest on dips. After witnessing a healthy correction in previous two sessions, the stock has bounced back from its 20 DEMA and formed a bullish candle signalling renewed buying momentum. Stock is holding gains despite the broader market and is perfectly bouncing off the 50 DEMA. It has formed a strong bullish candle on the daily scale and is on the verge of breaking out of the trend line. The RSI momentum indicator is in positive territory. Stock has negated its lower-low sequence and formed a strong support zone near the 1550 level, which also coincides with its 20 DEMA. It has formed a bullish Marubozu candle, indicating strong buying momentum. Sustaining above the immediate support zone could pave the way for further upside towards the 1750 level and potentially fresh highs. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions. Dhanya Nagasundaram works as a Content Producer at LiveMint, specializing in news related to financial markets, stocks, and business. With over eight years of experience in journalism and content creation, she has honed her skills in data-driven reporting and market analysis. Her focus is on monitoring stock trends, initial public offerings (IPOs), corporate news, policy shifts, and larger economic trends that affect investors and market players. <br><br> At LiveMint, Dhanya consistently writes and produces articles that make complex financial topics accessible to readers. She keeps a close eye on equity markets, commodities, and macroeconomic indicators, assisting audiences in comprehending how global and domestic events influence investment perspectives. Her stories frequently underscore emerging trends within sectors, the IPO market, company earnings results, and market strategies pertinent to both retail and institutional investors. <br><br> Before her tenure at LiveMint, Dhanya accumulated a wealth of professional experience at various companies, including MintGenie, Informist, Cogenics, Chary Publications, KPMG, and the Royal Bank of Scotland. These positions allowed her to establish a solid foundation in financial research, reporting, and content creation. <br><br> Throughout her career, she has explored numerous subjects such as trading strategies, commodities, IPOs, wealth generation, corporate profits, and macroeconomic indicators. Her background in both financial journalism and corporate settings has given her the ability to tackle stories with analytical rigor while ensuring clarity for her audience. Through her contributions, Dhanya strives to deliver insightful, trustworthy, and investor-centric financial content. 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