Market pressure on the last trading day of the week, know from Vinay Rajani, where will the profit bets

The market is under pressure on the last trading day of the week. In such a situation, we will try to understand through the options data that the writers are going to hold the range for the next week. Our today’s expert is Vinay Rajani of HDFC SECURITIES. Vinay will also share his TOP CALLS with strategy on INDEX. Also, a cheaper option will also be offered for you in today’s show.

Today’s LONGS Rolls Shares in the Futures Market

ASIAN PAINTS

BERGER PAINTS

UPL

CIPLA

Today’s LONGS Rolls Shares in the Futures Market

JSPL

APOLLO TYRES

AMARA RAJA

BOB

Vinay Rajani said on the market Short built up is visible in the market. Nifty has seen a short build up of over 10 percent and Bank Nifty has seen a short build up of over 3 percent. The market has been trading between 14000 and 15000 for the last 3 months. Earlier on February 16, we saw a high level in the Nifty. He further said that in view of the market trend today, both Nifty and Bank Nifty should sell.

Vinay said that the Nifty has asked to buy at 14630 level with a stoploss of 14750. He said that it can see a target of 14500.

NIFTY: Sell
Nifty 14630, SL 14750, Tgt 14500

Vinay said that the bank has asked to buy at Nifty at the level of 32220 with a stoploss of 32600. He said that it can see a target of 31750.

BANKNIFTY : Sell
BankNifty 32220, SL 32600, Tgt 31750

Talking about stocks, Vinay said that the market should be sold in Ultratech Cement today. The stock may slip to 6180 levels.

Sell Ultratech Cement May Fut 6328, SL 6450, Tgt 6180

Vinay said that although there is pressure in the market, still buy in Britannia’s stock. It can see a target of 3600.

Buy Britannia May Fut 3500, SL 3440, Tgt 3600

Apart from this, Pradeep Pandya of CNBC-Awaaz also described a cheaper option. Pradeep said buy the put option of Gujarat Gas with a strike of 500. It can see levels of 36 to 40.

Buy Gujarat Gas 500 PE 21 sl 12 Tgt 36 & 40

(Disclaimer: Opinions and Investment Advice on Moneycontrol.com Investment experts have their own personal views and opinions. Moneycontrol advises users to consult a certified expert before making any investment decision.)

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