On the day of weekly expiry, the enthusiasm of BULLS is HIGH in the market. Nifty crossed 16700. Today bank shares are also supporting the market. In such a situation, it will be important to see where the writers are seeing today’s expiry. Our today’s expert on CNBC-Awaaz’s Future Express is Rajesh Palviya of AXIS SECURITIES. Rajesh will give you strong trades as well as cheap options.
Stocks showing bullishness in futures market today
Stocks showing bearishness in futures market today
Stocks showing SHORTS COVERING in futures market today
What to do before weekly expiry, know from Ashish Baheti which deals will make money
Rajesh Palviya of AXIS SECURITIES comments on the market Giving said that due to the rise in the market, today they will have a buying opinion in Nifty. Targets of 16850 can be seen in Nifty. So buy Nifty at 16650-16600 levels. Put a stop loss at 16550. Targets ranging from 16780-16850 can be seen in this.
Rajesh speaking on Bank Nifty Said that we have seen that in the last 8 to 10 sessions, Bank Nifty stops near 36000. But the way banking stocks are consolidating and they seem to be performing well. In that sense, sooner or a little later, a fresh breakout will also be seen in Bank Nifty soon and it will be seen trading above 36000. That’s why he gave buy advice in Bank Nifty.
Rajesh asked to buy in Bank Nifty at 35900-35850 level with stoploss of 35750. He said that the level of 36300 will be seen in this.
Buy Nifty 16650-16600 SL 16550 target 16780-16850
Buy Banknifty 35900-35850 SL 35750 target 36300
Today, profit booking is visible in the market, know where Rajesh Palviya is placing bets
Stock investment advice by Rajesh Palviya of AXIS SECURITIES
Buy Godrej CP fut 1017 SL 990 target 1050-1065
Buy Metropolis fut 2820 SL 2780 target 2940
Buy Mcdowell 708 SL 694 target 735
Today’s Cheap Option: Ultratech CEM
Rajesh advises to buy futures in some stocks including Bank Nifty, Nifty. Apart from this, he also suggested a cheaper option. Rajesh said buy UltraTech Cement with strike call of 7700 around Rs.82. Put a stoploss below 65 in it. In this, targets of 110 to 115 will be seen coming.
Buy Ultratech CEM 7700 CE 82 SL 65 target 110-115
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