On the last trading day of the week, the market is unable to sustain the upper levels. The market started with a GAP UP, but later profit-booking dominated. Bank Nifty is strong, but Nifty is doing UNDER PERFORM. Call writers are looking heavy in Nifty. However, the competition in Bank Nifty is tough. Through the options data, we will let you know which ranges are visible for the next week’s monthly expiry. Our Today Expert at CNBC-Awaaz’s Future Express is Mehul Kothari of Anand Rathi Shares. Mehul will also offer a cheaper option with his today calls.
Stocks with Today’s FRESH SHORTS Rolls in Futures Market
CAN FIN HOMES
LIC HSG
INDIABULLS HSG
MPHASIS
Stocks with LONG UNWINDING Roles in the Futures Market today
NALCO
JUB FOOD
TATA POWER
SAIL
Stocks holding today’s FRESH LONGS Rolls in Futures Market
TVS MOTORS
MUTHOOT FIN
OBEROI REAL
SRT FIN
In the Nifty on October 28, the highest call writing is seen at the level of 18500.
NIFTY CALL (28 Oct) (CONTRACT)
18200 CE OI 83357 OI CHANGE 455
18300 CE OI 105288 OI CHANGE 42213
18500 CE OI 115001 OI CHANGE 30223
On the other hand, in the Nifty on October 28, maximum put writing is being seen at the level of 17900.
NIFTY PUT (28 Oct) (CONTRACT)
18200 PE OI 84262 OI CHANGE 17654
18000 PE OI 73072 OI CHANGE 22767
17900 PE OI 47478 OI CHANGE 14639
Even in Volatility, in the earning game of Share Market, 1 player gave 8% return in 4 days, where is the eye today
In the Bank Nifty on October 28, the highest call writing is visible at the level of 41000.
NIFTY BANK CALL (28 Oct) (CONTRACT)
40500 CE OI 64716 OI CHANGE 33259
40600 CE OI 17092 OI CHANGE 12893
41000 CE OI 57727 OI CHANGE 20536
On the other hand, in the Bank Nifty on October 28, the highest put writing is visible at the level of 40000.
NIFTY BANK PUT (28 Oct) (CONTRACT)
40500 PE OI 23810 OI CHANGE 19757
40300 PE OI 36390 OI CHANGE 34721
40000 PE OI 65376 OI CHANGE 37293
Giving his opinion on the market, Mehul Kothari of Anand Rathi Shares said that if Bank Nifty outperforms at this level, then it will see an uptrend for a few days ahead. Bank Nifty was underperforming for the last 3 to 4 months, so now it can see outperformance.
In which stocks did the players trade in the earning game of the Share Market amidst a strong fall?
Anyway, in the long term, the level of 42000 can be seen in Bank Nifty, while the level of 18800 in Nifty can be seen in the long term. However, both these indices may see some pressure in the short term. On the other hand, if the level of 18300 is formed in Nifty, then buying can be done in it.
Today’s trades of Mehul Kothari of Anand Rathi Shares
Shriram Transport November Futures: Buy Rs.1550, Stop Loss Rs.1500, Target Rs.1630
LED November Futures: Buy Rs.327, Stop Loss Rs.315, Target Rs.345
Today’s Cheap Option: ITC
Mehul Kothari bet on ITC as a cheap option in today’s market. He advised to buy in its October series call option with strike of 245. He said buy it at Rs 2.45 level. Put a stop loss at Rs.2 in it. In this, the target of Rs 5 to Rs 7 can be seen next week. He said that now there are only 5 days left in the expiry of this month, in view of which this option will make good profits in a short time.
(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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