On the day of monthly expiry, the market is witnessing a fall. Nifty is working with around 1% and Bank Nifty is down around 1.5%. Through the options data, we will tell you which range is visible for today’s monthly expiry.
Our Today Expert at CNBC-Awaaz’s Future Express is Himanshu Gupta, Globe Capital. Himanshu also offered cheap option with his great calls.
Calls containing today’s FRESH SHORTS Rolls in Futures Market
TATA CHEM, PNB, OFFS और DEEPAK NITRITE
Calls with Today’s LONG UNWINDING Rolls in Futures Market
GODREJ PROP, SUN TV, IPCA LAB and HPCL
Calls containing today’s FRESH LONGS Rolls in Futures Market
IRCTC, TORENT POWER, INDUSIND BANK और USL
In Nifty today, on the day of monthly expiry, maximum call writing is visible at the level of 18200 and 18100.
NIFTY CALL (28 Oct) (CONTRACT)
18000 CE OI 53042 OI CHANGE 31394
18100 CE OI 142241 OI CHANGE 117165
18200 CE OI 178625 OI CHANGE 76549
In Nifty today, on the day of monthly expiry, maximum put writing is visible at the level of 17900 and 18000.
NIFTY PUT (28 Oct) (CONTRACT)
18200 PE OI 55594 OI CHANGE -24338
18000 PE OI 126221 OI CHANGE 42341
17900 PE OI 88912 OI CHANGE 35259
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In Bank Nifty today, on the day of monthly expiry, maximum call writing is visible at the level of 41000 and 40500.
NIFTY BANK CALL (28 Oct) (CONTRACT)
40300 CE OI 65003 OI CHANGE 60848
40500 CE OI 120152 OI CHANGE 106399
41000 CE OI 123463 OI CHANGE 50262
In Bank Nifty today, on the day of monthly expiry, maximum put writing is visible at the level of 39500 and 40000.
NIFTY BANK PUT (28 Oct) (CONTRACT)
40200 PE OI 49827 OI CHANGE 37810
40000 PE OI 106864 OI CHANGE 48934
39500 PE OI 70495 OI CHANGE 29108
Himanshu Gupta of Globe Capital Giving his opinion on the market, he said that today the market is seeing a decline. If I look at the recovery in Nifty from 17950 to 18200 in the last 4 days, I think that is just a correction that is visible in the market after a fall from the level of 18600. So Nifty is clearly seen going down.
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Yesterday I talked at the support level of 18100 but today Nifty is staying there by going below this level, so the possibility of further decline in the market cannot be ruled out. The market can also touch the level of 17600 or 17500 in the near term. Therefore, in Nifty, with a stop loss of 18100, one should go short for the target of 17900.
Talking about Bank Nifty, we had given a sell opinion yesterday as well. Today it may see further downside as Bank Nifty has entered a corrective directory from where further correction can be seen. Sell it at 40450 level. Put a stop loss at 40600. On the downside, the level of 40000 or 39800 can also be seen in Bank Nifty.
Today’s Trades by Himanshu Gupta of Globe Capital
United SpiritsBuy : Stop Loss – Rs 920, Target – Rs 965 -980
OFSSSell : Stop Loss – Rs 4345 Target – Rs 4220-4180
Apollo HospitalBuy : 4295, Stop Loss – Rs 4275, Target – Rs 4380
Even in the ups and downs, in the game of share market, 1 player gave 9% return in 3 days, where is the eye today
Today’s cheapest option: TVS Motor
Himanshu said that as a cheap option today, we have given the advice of buying it in the past as well. Its derivative data is also very supportive, so it can see good upside, so buy its November series 650 strike call around Rs 27. Put a stop loss at Rs 22 in this. In this, the first target can be seen at Rs 33 and the second target Rs 35.
He further said that it has seen continuous buying after October 10 and today it has broken the important level of Rs 630, so it will see a rise in the coming days.
(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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