There is a consolidation mood in the market today. There is some pressure in the market at higher levels. Although built around 17550. Bank Nifty is doing UNDER PERFORM today. So, we will try to understand through the options data which range the writers are looking for tomorrow’s weekly expiry. Our today’s expert on CNBC-Awaaz’s Future Express is Rajesh Palviya of Axis Securities. Rajesh will give cheap option with great calls.
Calls containing today’s FRESH LONGS Rolls in Futures Market
ZEEL
STAR
INDIAN HOTEL
INDIA MART
CALLS WITH TODAY’S SHORTS COVERING ROLES IN FUTURES MARKET
SUN TV
DLF
IBUL HSG
USL
Calls with Today’s SHORTS Rolls in Futures Market
SAIL
PI IND
HDFC
GODREJ CP
Calls with Today’s LONG UNWINDING Rolls in Futures Market
POLYCAB
ONGC
ESCORTS
IGL
Nifty, Sensex set new high, where is Rajesh Palvia of Axis Securities Buying
Rajesh Palviya of Axis Securities Despite the volatility in the market, the Nifty has a bullish outlook. He said that buying should be done in the fall in Nifty. There is no selling point at this time. You can buy Nifty around 17525 with a target of 17700.
Nifty 17525-17500 SL 17440 target 17650-17700
Giving his opinion on Bank Nifty, Rajesh said that it is looking slippery, yet it should be bought on the downside. He said that buy in Bank Nifty at the level of 36900-36800. In this, the level of 37300 can be seen.
buy Banknifty in dips near 36900-36800 SL 36600 target 37200-37300
Popular Stocks of Rajesh Palviya at Axis Securities
Buy ITC 241 SL 233 target 255
Buy APLLTD 803 SL 788 target 830-835
Buy Mcdowell 768 SL 755 target 785-790
Today’s Cheap Option: DLF
Rajesh stating the cheap option for today after his favorite stocks said that he had chosen 350 call as cheap option in DLF but his target has been hit so he is not changing his call but by changing his strike in DLF Advised to buy call with strike of 360 near Rs 18 and put a stop loss of Rs 10. He said that targets of Rs 24 can be seen in this.
Buy DLF 360 CE SL 10 target 24
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