The market is in consolidation mood on the day of weekly expiry. The market started with weakness. But there is a slight recovery from the lower levels in the last half hour. Bank Nifty has come in green mark. Nifty is also showing improvement. In this case, we will try to understand through the data of the option that which range the writers are seeing for today’s expiry. Our Today Expert is Amit Seth, Market Expert at CNBC-Awaaz’s Future Express. Amit also gave cheap option with his strong calls.
Stocks with Today’s LONGS Rolls in Futures Market
BEL PEL, GODREJ CP AND METROPOLIS
Stocks with Today’s SHORTS Roles in Futures Market
IDFC, TITAN, HDFC and WIPRO
range of nifty
In Nifty today at 12 noon, most call writers were seen at the level of 17500, 17600 and 17700.
In Nifty today at 12 noon, most put writers were seen at the level of 17500, 17400 and 17300.
Rocket Share: Investors got Rs 1 lakh in 2 years, 18 lakh, stock of Rs 36 increased by 1725% in 2 years to Rs 650
bank nifty range
In Bank Nifty today at 12 noon, most call writers were seen at the level of 38000, 38100 and 38200.
In Bank Nifty today at 12 noon, most put writers were seen at the level of 37500, 37400 and 37300.
Market expert Amit Seth’s opinion on the market
Giving the opinion of market expert Amit Seth on the market, he said that one of the main reasons behind the volatility seen in the market today is profit-booking in HDFC Bank and HDFC. Because of this, it would be advisable to take trades in the index with a little thought.
Today’s Trading Ideas of Amit Seth
SBI APRIL FUT : Buy – Rs 522, Target Rs 535, Stop Loss – Rs 515
ICICI Bank APRIL FUT : Buy – Rs 756, Target Rs 772, Stop Loss – Rs 747
BALRAMPUR CHINI APRIL FUT : Buy – Rs 521, Target – Rs 550, Stoploss – Rs 510
Today’s Cheap Option: WIPRO
Describing today’s cheap option, Amit Seth has chosen this veteran stock of the IT sector. He said that there is weakness in Wipro, so it would be advisable to take put option in it. He said that the put with strike of 580 of Wipro’s April series should be bought around Rs 15. In this, a target of Rs 22 will be seen. Along with this, stoploss should also be placed at Rs.11.
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