The mood of consolidation is visible in the market today. But in the last half hour Nifty is showing good recovery from lower levels. Bank Nifty is outperforming today against Nifty. So, we will try to understand through the options data which range the writers are seeing for this week. Today’s expert is Chandan Tapadia of Motilal Oswal. Chandan also offered cheap option with his strong calls.
Today’s Stocks with FRESH LONG Rolls in Futures Market
CHOLA, GODREJ CP, AXIS और ABFRL
Stocks with Today’s SHORT COVERING Roles in Futures Market
IBUL HSG, HAL, CHAMBAL ADANI ENT
Stocks with Today’s FRESH SHORT Rolls in Futures Market
APOLLO HOSPITAL, ABUJA, EICHER और ACC
Stocks with LONG UNWINDING Roles in the Futures Market today
INDIA CEME, JK CEMENT, VODAFONE और CONCOR
BREAKING: Finance Minister may discuss Devas Multimedia issue in today’s press conference- CNBC-AWAAZ SOURCE
In Nifty today at 12 noon, most call writers were seen at the level of 18200, 18300 and 18500.
In Nifty today at 12 noon, most put writers were seen at the level of 18200, 18100 and 18000.
In Bank Nifty today at 12 noon, most call writers were seen at the level of 38000, 38200 and 38500.
Bank Nifty saw the highest number of put writers at 38000, 37900 and 37500 levels during 12 noon today.
Motilal Oswal’s Chandan Tapadia’s opinion on the market
Giving opinion on the market, Chandan Tapadia of Motilal Oswal said that there is a positive trend in the market. But still there is no bearish environment in the market. We believe that Nifty is getting ready to touch Lifetime High levels once again with support of 18100 or 18050. Buying can be done in Nifty with a stop loss of Rs 18050 with a target of 18600.
Earning game of stock market, only 1 player gave positive return on the first day, know where are their eyes today
Giving his opinion on Bank Nifty, Chandan said that after 3 days of selling, it is showing strength today, so if there is any fall in it, then buy should be done. Looking at the momentum in Bank Nifty, it seems that it can achieve the level of 38850 to 39000.
Today’s Trading Ideas of Chandan Tapadia of Motilal Oswal
KOTAK MAHINDRA BANK JAN FUT : Buy – Rs 1958, Stop Loss – Rs 1910, Target – Rs 2040
DEVYANI INTL JAN FUT : Buy – Rs 192, Stoploss – Rs 182, Target – Rs 205
BALRAMPUR CHINI BANK JAN FUT : Buy – Rs 452, Stop Loss – Rs 436, Target – Rs 475
Today’s Cheap Option : ABFRL
Chandan said that as a cheap option today, buy ABFRL January Series 320 strike call around Rs.9. A target of Rs 14 will be seen in this, although stoploss should also be placed at Rs 5.
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