Strong action is seen in the market on the day of weekly expiry. The bulls dominated the market from the beginning due to non-increasing interest from the Fed and good news from China. Nifty has once again exited above 17700. On the other hand, Bank Nifty is showing a better move than Nifty today. So, we will try to understand through the options data which range the writers are looking for today’s weekly expiry. Our Today Expert at CNBC-Awaaz’s Future Express is Himanshu Gupta of Globe Capital. Himanshu will provide a cheap option with great calls.
Stocks with a FRESH LONGS Roles in the Futures Market Today
GODREJ PROP
INDIAN HOTEL
DLF
BAJAJ FINSERVE
Stocks with a SHORT COVERING Roles in the Futures Market Today
THING
INFOSYS
IBUL HSG
IRCTC
SRF
Stocks with a SHORTS Roles in the Futures Market Today
ICICI GI
STAR
BALKRISHNA
LUPIN
2 players gave 6% return in just 3 days in share market game, today said bet
Himanshu Gupta of Globe Capital Giving opinion on the market, said that today Nifty has opened with a gap up and looking at the way it is easily trading above 17650 and 17700, it seems that today’s expiry will be positive and with gains. Therefore, considering the market mood, there will be a buying opinion in Nifty. Buy Nifty at the level of 17680, it can also be seen at the level of 17800.
nifty buy 17680 target 17800 sl 17630
Giving opinion on Bank Nifty, Himanshu said that Bank Nifty has seen a bullish trend but is trading in range bound range. If Bank Nifty crosses 3800, then 38500 level can be seen in it. However, at this time we have a buying opinion in Bank Nifty as well, in this we can buy at the level of 37480 for a target of 37750.
nifty bank BUY 37480 TARGET 37700-37750 SL 37320
Earning trades of Himanshu Gupta of Globe Capital
LT BUY 17450TARGET 1785/ 1810 SL 1730
CANFIN HOME BUY 668 TARGET 69/ 702 SL 655
TORRENT POWER BUY 500 TARGET 524/ 540 SL 492
Today’s first cheap option call: MC DOWELL
Himanshu advises to buy United Spirits i.e. MC DOWELL stock as his first cheap option today. He said that buy the call of its September series with the strike of 820 around Rs 18, in which a target of Rs 25 to 32 will be seen. However, a stoploss should also be placed at Rs 12.
MC DOWELL 820 CE 18 TARGET 25/ 32 SL 12
Today’s 2nd Cheapest Option Call: TATA POWER
Describing another cheaper option, Himanshu gives a buy call of TATA POWER 145 with strike strike of Rs 3.80 with stoploss of 2.80 paise. He said that a target of Rs 6 will be seen in this.
TATA POWER 145 CE 3.80 TGT 6 SL 2.80
(Disclaimer: The views and investment advice given on moneycontrol.com are the personal views and opinions of investment experts. Moneycontrol advises users to consult a certified expert before making any investment decision.)
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