Nifty options data suggests wider trading range of 16600-17200, Bank Nifty needs to hold above 35000
时间:2024-06-26 14:17:51 阅读(143)
By Chandan Taparia
Nifty 50 index opened gap up and moved in a positive to range-bound manner throughout the session yesterday. The last hour of the day saw a quick pullback and the index inched towards 17000 zones. It surpassed its previous day’s high and closed with gains of around 180 points. It formed a Bullish candle on daily scale and has been forming higher highs – higher lows from the last two trading sessions.
Bank Nifty outlookBank Nifty opened gap up and moved in a positive to muted manner for the most part of the day. It closed above 35000 levels with gains of around 420 points. It formed a Bullish candle on daily scale and covered its losses of the last two sessions.
For weekly Bank Nifty, Maximum Put OI is at 34000 strike and maximum Call OI is placed at 36000 strike. We have seen Call writing in 35200 strike with unwinding at 37500 while Put writing is witnessed at 34800 strike. Now it has to hold above 35000 zones, for it to move towards 35250 and 35500 zones whereas support shifts higher to 34600 and 34350 zones.
What to watch out forOn sectoral front, all the sectors traded in the positive territory, out of which Realty, Pharma, Metal and PSU Banking sectors showed the most strength and buying interest in the market.
On stocks front, positive stance was seen PI SRF, Nationalum, IEX, Auropharma, Hindalco, L&TFH, IRCTC, Tata Power, UPL, Cadila, Lupin, Biocon, Eicher Motor, Cumminsind, Mindtree, Godrejcp, Havells, Sunpharma, LT, Deepakntr, Reliance, ABFRL, LTI, UBL and Mcdowell while weakness in SBI Life, IOC and Grasim.
(Chandan Taparia – Vice President – Equity Derivatives & Technicals, Broking & Distribution,Motilal Oswal Financial ServicesLtd. Views expressed are the author’s own. Please consult your financial advisor before investing.)
猜你喜欢
- Markets slips from day highs; Nifty closes below 20,950 top gainers on December 12 include HDFC Life Insurance, UltraTech Cement, Bajaj Auto whereas Realty and Auto stocks among key losers
- Markets to focus on macro data, global trends, foreign investors activity- Analysts
- Maruti Suzuki top BSE Sensex gainer, soar 5%; should you buy or hold as analysts see up to 22% rally
- MCX gold may give 1% return next week, rally seems to continue; support seen at Rs 48800 per 10 gm
- Mcap of five of top 10 valued firms climbs Rs 88,605 cr; State Bank, ICICI Bank biggest gainers
- Mcap of 8 of top-10 most valued firms jump Rs 1
- Adani Ports stock recovers all losses since Hindenburg attack; Adani Enterprises share price jumps 19% today
- Markets Wrap – Tue, 21 Mar ‘23- Nifty, Sensex surge, rupee trades flat; Asia, US markets, Gold, Crude, updates
- Abrdn sells entire stake in HDFC Life