A day before the weekly expiry, the market is moving in a range. Nifty has managed to stay above 17300. At the same time, Bank Nifty is also trading above 36300. So, we will try to understand through the options data that which range the writers are looking for for this tomorrow’s weekly expiry. Our Today Expert at CNBC-Awaaz’s Future Express is Rajesh Palviya of Axis Securities. Rajesh also offered cheap option with his strong calls.
Shares holding today’s LONGS Rolls in Futures Market
L&T FH, INDIAN HOTEL, IEX and MGL
Shares with today’s SHORT COVERING ROLE in Futures Market
WHIRLPOOL, DELTA, PFIZER and HPCL
Shares with Today’s SHORTS Roles in Futures Market
CHAMBAL, PI IND, SIEMNES AND NAVIN FLURINE
Shares with LONG UNWINDING Roles in the Futures Market today
GNFC, COAL INDIA, NALCO and BAJAJ AUTO
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Today at 12 noon, most call writers in Nifty were active at the level of 16700, 16800 and 16900.
Today at 12 noon, most put writers in Nifty appeared active at the level of 16500, 16400 and 16300.
Today at 12 noon, most call writers in Nifty Bank were active at the level of 34800, 34900 and 35000.
Today at 12 noon, most put writers in Nifty Bank were active at the level of 34500, 35400 and 35300.
Market opinion of Rajesh Palviya of Axis Securities
Rajesh Palviya gave buying opinion in Nifty today, although he said that it should be bought on the downside. Rajesh said that buy the level of 17270 in Nifty. It can be seen at the level of 17360, although stoploss should also be placed at the level of 17200.
Giving opinion on Bank Nifty, Rajesh Palviya said that the strategy of buy on dips should be adopted in this index also. In this, you can buy at the level of 36239. Also put a stoploss below 36000 in it. In this trade, we can see the target of 36800.
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Favorite Trades of Rajesh Palviya of Axis Securities
Dr Reddys Mar Fut : Buy – Rs 4170, Stop Loss – Rs 4110, Target – Rs 4270
L&T Finance Holdings Mar Fut : Buy – Rs 79, Stoploss – Rs 77, Target – Rs 84.50
L&T Tech Services Mar Fut : Buy – Rs 4938, Stop Loss – Rs 4870, Target – Rs 5040
Today’s Cheapest Option: SAIL
Rajesh said that as a cheap option, one should buy the strike call of 100 of April series of sell around Rs.6. Put a stop loss below Rs 4. In this, targets of Rs 10 to 11 can be seen 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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