After three consecutive days of uptrend, the market is showing consolidation mood today. Nifty hovers around 17700. There is also slight pressure on Bank Nifty. But the downside is less. In such a situation, we will try to understand through the data of the option, where the writers are seeing today’s weekly expiry. Our Today Expert is Amit Seth, Market Expert at CNBC-Awaaz’s Future Express. Amit also offered a cheap option with his strong trades.
Today’s Stocks with FRESH LONG Rolls in Futures Market
TVS MOTORS, HERO MOTO, GSPL and BANDHAN BANK
Stocks with Today’s SHORT COVERING Roles in Futures Market
CHAMBAL, DALMIA BHARAT, HINDALCO and GNFC
Stocks with Today’s FRESH SHORTS Rolls in Futures Market
M&M FIN, MCX, MUTHOOT FIN and HDFC
Nifty saw maximum call writing at the level of 18200, 18300 and 18500 during 12 noon today.
In Nifty today at 12 noon, maximum put writing was seen at the level of 18200, 18100 and 18000.
Bank Nifty saw the highest call writing at the level of 38000, 38200 and 38500 today at 12 noon.
Positive returns of all the players after the budget in the game of stock market, know which shares are their eyes today
Bank Nifty saw maximum put writing at the level of 38000, 37900 and 37500 during 12 noon today.
Market expert Amit Seth’s opinion on the market
Giving opinion on the market, he said that Nifty is showing good growth for 3 days. Nifty is trading in the range of 17600 to 17700. In this, a strong support zone is now seen forming at the level of 17500. Today, due to the weekly expiry, it can see volatility, if it picks up then it can go up to 17800 and can also touch the level of 17400 on the downside.
Talking on Bank Nifty, Amit said that Bank Nifty is showing profit booking today, so if you want to take a position call in it, you can make a position with a stop loss of 38700 for a target of 40000.
Today’s Trading Ideas by Market Expert Amit Seth
JSPL FEB FUT : Buy – Rs 424, Stop Loss – Rs 419, Target – Rs 435
NMDC FEB FUT : Buy – Rs 152, Stoploss – Rs 149, Target – Rs 163
ASHOK LEYLAND : Buy – Rs 132, Stop Loss – Rs 128, Target – Rs 148
Today’s Cheap Option: Bajaj Auto
Today the pace of auto stocks has increased. Due to this, Amit has chosen a cheaper option than the auto sector itself. He said that Bajaj Auto can see further upside, so its February call option with strike of 3660 can be bought around Rs 76. Put a stop loss at Rs 60 in this. A target of Rs 110 can be seen in this option.
(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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