Nifty options data suggests wider trading range of 16600-17200, Bank Nifty needs to hold above 35000
时间:2024-06-26 19:45:51 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
- Year-end story- Steady rise in crop output fails to ease import dependence
- Bank Nifty scripts record close as benchmarks gain
- Zerodha’s Nikhil Kamath tells when to buy stocks, shares Buffett formula to find the right time
- Delhi’s path to sustainable growth- Govt unveils plan for eco-friendly industrial hub in Rani Khera
- Diwali Special- Historical trends in last 10 Samvat trade
- Demat account growth at 11-month high in October
- Will Nifty slip below 19000 amidst weak global cues- See GIFT Nifty, FII data, F&O ban, crude, more before market opens
- Yes Bank seeks shareholders’ nod for raising up to Rs 10,000 crore debt capital
- Domestic investors set to pip FPIs in ownership of stocks; FPIs hold 25