The market is seeing a sharp decline for the fifth consecutive day. Nifty also slipped below the key levels of 17100 today. Nifty is very close to 100 DEMA. Today the decline in Bank Nifty was showing a little less, but now Bank Nifty is also trading close to 36850 with a fall of more than 900 points. In such a situation, we will try to understand through the data of the options which range the writers are looking for the monthly expiry on Thursday. Today our expert is Ashish Baheti of NAV Investment. Ashish also offered a cheaper option with his strong calls.
Shares with FRESH SHORTS Roles in Futures Market today
Astral, Hind Copper, Balrampur Chini और Bsoft
Shares with LONG UNWINDING Roles in Futures Market today
Nalco, Vodafone, PVR और IDFC First
Shares with FRESH LONG Rolls in the futures market today
Lupin, Cipla, Bandhan और ONGC
The decline in the recently listed companies continues, 25% to 50% of the shares broken from their issue price
NAV Investment’s Ashish Baheti’s opinion on the market
Giving his opinion on the market, Ashish Baheti of NAV Investment said that the market is continuing to decline. Slippery is visible in the giant stocks, due to which its strong effect is also visible in Nifty. After the Nifty goes below the level of 17300, it may see further decline if it breaks the level of 17200. It would not be advisable to take new trades but those who have already taken positions would be advised to hold for the target 17200. There is less weakness in Bank Nifty than this, but it will not be advisable to trade at the moment.
After this week, the budget week will come, so recovery can also be seen in Nifty and if recovery comes, it will see very sharp recovery, so there will be no advice to take trade at the moment.
Today’s trades of Ashish Baheti of NAV Investment
ADANI ENT JAN FUT : Sell – Rs 1745, Stop Loss – Rs 1770, Target – Rs 1680
DLF JAN FUT : Sell – Rs 382, Stop Loss – Rs 385, Target – Rs 375
TATA STEEL JAN FUT : Sell – Rs 1125, Stop Loss – Rs 1140, Target – Rs 1090
TCS JAN FUT : Buy – Rs 3797, Stop Loss – Rs 3760, Target – Rs 3900
Today’s Cheap Option: CIPLA
Ashish Baheti said that Cipla may see a breakout. So buy its February series call with 900 strike at Rs 30 level. Put a stop loss below Rs 20 in it. In this, a target of Rs 45 can be seen in the next few days.
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