Consolidation continues in the week of monthly expiry. Both Nifty and Bank Nifty are moving in a range. Although Nifty is doing OUT PERFORM against Bank Nifty today. Through the options data, we will let you know which range is visible for tomorrow’s monthly expiry. Our Today Expert on CNBC-Awaaz’s Future Express is Rajesh Palviya of Axis Securities. Rajesh will offer cheaper option along with his excellent calls.
Shares holding today’s FRESH LONGS Rolls in Futures Market
GODREJ CP, DIVIS LAB, ASIAN PAINT और PIDILITE
Shares with today’s SHORT COVERING ROLE in Futures Market
PERSISTENT, CAN BANK, REC और ALEMBIC
Shares holding today’s FRESH SHORTS Rolls in Futures Market
AXIS BANK, BAJAJ FIN, TORENT PHARMA और METROPOLIC
In Nifty today, in the series of 28 October, maximum call writing is being seen at the level of 18400 and 18500.
NIFTY CALL (28 Oct) (CONTRACT)
18300 CE OI 148031 OI CHANGE 44014
18400 CE OI 117338 OI CHANGE 36453
18500 CE OI 144491 OI CHANGE 19398
In Nifty today, in the series of 28 October, maximum put writing is being seen at the level of 18000 and 18200.
NIFTY PUT (28 Oct) (CONTRACT)
18300 PE OI 99419 OI CHANGE 52839
18200 PE OI 133529 OI CHANGE 51958
18000 PE OI 104206 OI CHANGE 17234
In Nifty Bank today, in the series of October 28, maximum call writing is being seen at 41300 and 41500 levels.
NIFTY BANK CALL (28 Oct) (CONTRACT)
41200 CE OI 60815 OI CHANGE 38817
41300 CE OI 71118 OI CHANGE 40262
41500 CE OI 87639 OI CHANGE 33534
In Nifty Bank today, in the series of October 28, maximum put writing is being seen at the level of 41200 and 41000.
NIFTY BANK PUT (28 Oct) (CONTRACT)
41300 PE OI 37849 OI CHANGE 21798
41200 PE OI 63445 OI CHANGE 42677
41000 EP HI 95739 HI CHANGE 30915
Rajesh Palviya of Axis Securities Giving his opinion on the market, told CABC-Awaaz that the market is showing ups and downs for the last few days. Nifty had fallen from the level of 18600 to below 18000 but now it has seen a recovery of 50 percent and it is trading around 18300. At the time of fall in the market, the stocks which were trading in the oversold directory or the stocks which were oversold, there was good buying from the lower levels, which has shown short covering in Nifty.
At this time the level of 18300 has become an important level in Nifty. Therefore, one should buy in Nifty between 18250 to 18300. Put a stop loss at 18200. 18500 levels can also be seen in the coming 2 to 3 sessions.
Commenting on Bank Nifty, Rajesh said that Bank Nifty is outperforming some of its components are performing well. It is likely to continue to accelerate. Buy it between 41100 to 41200. Put a stop loss at 40800. The level of 41700 can be seen in Bank Nifty because buying is being seen in the stocks of both private and government banks.
Today’s Strong Trades of Rajesh Palviya
Bharti Airtel Buy stoploss-697, target-735 to 740
OFSS buy-, stoploss-4550, target-4900
Grasim Buy-, Stoploss-1720, Target-1790
(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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