The market started with a weakness. But there has been a good recovery from the lower levels. Nifty is trying for consolidation near 17700. Bank Nifty is underperforming today. The best buying is seen in telecom, chemical, oil-gas and power sectors. On the other hand, there is a slight pressure on IT and Reality stocks.
Today on CNBC-Awaaz’s Future Express show, we look at options data to understand the range that traders are watching for this week’s expiry. Today’s expert in this show is Rajesh Satpute of rajeshsatpute.com. Rajesh ji will give cheap option with great calls.
Shares holding today’s FRESH LONGS Rolls in Futures Market
Shares with today’s SHORT COVERING ROLE in Futures Market
Shares with Today’s SHORTS Roles in Futures Market
Shares with LONG UNWIDING Roles in the Futures Market today
F&O trader Rajesh Satpute, while giving his opinion on the market, said that Nifty is trading in the range. It would be a buying opinion though. Buy it with a stoploss of 17600.
Commenting on Bank Nifty, he said that PSU banks are performing well. While the move is yet to come, private banks are showing weakness. But it will be difficult to say in which direction Bank Nifty will go. Therefore, it should be traded by putting a stop loss at 37000.
BUY NIFTY (FUT) SL 17600, TGT 17750
BUY BANK NIFTY (FUT) SL 37000, TGT 37650
Today’s earnings pics of F&O trader Rajesh Satpute
BUY MCX 1740 CE @ 70, SL 45, TGT 100+
BUY LIC HSG (FUT) SL 435, TGT 470 – 480
BUY BAJAJ CAR (FUT) SL 3840, TGT 3940
Today’s Cheapest Option: STAR
Rajesh bet on this stock as cheap option today he said buy its October series with 620 strike call around Rs 30. In this, a target of more than Rs 50 will be seen. However, a stoploss should also be placed at Rs 22.
BUY STAR 620 CE @ 30, SL 22, TGT 50+
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