Consolidation continues in the week of monthly expiry. After a good start, the market is showing pressure from the upper levels. Bank Nifty is underperforming today as compared to Nifty. Through the options data, we will tell you which range is visible for this week’s monthly expiry. On CNBC-Awaaz’s show Future Express, our today’s expert Ashish Baheti of NAV INVESTMENTS. Ashish will offer a cheaper option along with his excellent calls.
Stocks holding today’s FRESH LONGS Rolls in Futures Market
TATA POWER, IRCTC, BANK OF BARODA और BHEL
Stocks with Today’s SHORT COVERING Roles in Futures Market
IEX, CROMPTON, IBUL HSG और SAIL
Stocks with Today’s FRESH SHORTS Rolls in Futures Market
TORRENT POWER, INDUS TOWER, PII INDUSTRIES और IPCA LAB
In the Nifty on October 28, maximum call writing is being seen at the level of 18300 and 18500.
Trade Spotlight: What to do, buy, sell or exit with PVR, ICICI Bank and KEC
NIFTY CALL (28 Oct) (CONTRACT)
18200 CE OI 137455 OI CHANGE 14355
18300 CE OI 149498 OI CHANGE 36246
18500 CE OI 146443 OI CHANGE 14365
In the Nifty on October 28, maximum put writing is being seen at the level of 18000 and 18100.
NIFTY PUT (28 Oct) (CONTRACT)
18200 PE OI 79010 OI CHANGE 23311
18100 PE OI 62570 OI CHANGE 16496
18000 PE OI 87473 OI CHANGE 9641
In the Bank Nifty on October 28, the maximum call writing is seen at the level of 41500 and 41200.
NIFTY BANK CALL (28 Oct) (CONTRACT)
41000 CE OI 77437 OI CHANGE 37998
41200 CE OI 45705 OI CHANGE 30517
41500 CE OI 85756 OI CHANGE 39230
In the Bank Nifty on October 28, maximum put writing is being seen at the level of 40500 and 41000.
NIFTY BANK PUT (28 Oct) (CONTRACT)
41000 PE HI 71395 HI CHANGE 23015
40800 PE OI 30856 OI CHANGE 13076
40500 PE OI 56176 OI CHANGE 12134
Trade setup for today: Take a look at these figures before the market opens, it will be easy to catch profitable deals
Ashish Beti of NAV Investments Giving his opinion on the market, said that today the market is getting bright in the pharma, IT and metal sectors. Therefore, it would be advisable to go long in Nifty even today. You should buy Nifty with a stop loss of 18000. In this, the level of 18400 can be seen. This is a monthly expiry so there will be volatility in it.
Talking about Bank Nifty, there will be a buying opinion in this too. Buy it with a stop loss of 40500. The level of 41900 can be seen in Bank Nifty.
Today’s trades of Ashish Baheti of NAV INVESTMENTS
L&T INFOTECH OCT FUT- Buy Rs-6498.8, Target Rs.6800, Stop Loss Rs.6400
UNITED SPIRITS OCT FUT – Buy – Rs 839.1, Target Rs 860/875, Stop Loss Rs 830
HINDALCO OCT FUT – Buy – Rs.480, Target Rs.520, Stoploss – Rs.470
Today’s Cheap Option – TATA Motors
Ashish Baheti has a buy call option in Tata Motors as a cheap option today. He said buy its November series 520 strike call at Rs 30 level. Put a stop loss at Rs 20. In this, in the coming days, a target of Rs 50 will be seen.
(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.)
Facebook us for social media updates (https://www.facebook.com/moneycontrolhindi/) and Twitter (.) to follow.