Nifty, Sensex set new high, where is Rajesh Palvia of Axis Securities Buying

There is still strong action in the market today. Nifty, Sensex have made a new high, Nifty is trading above 17450. Although Nifty Bank is trading in a limited range. So, through the options data, we will try to understand which range the writers are watching for this week. Our today’s expert on CNBC-Awaaz’s Future Express is Rajesh Palvia of Axis Securities. Rajesh will give cheap option with great calls.

Shares with Today’s FRESH LONGS Roles in the Futures Market

HICP
TORRENT POWER
ONGC
SRF

SHARES WITH TODAY SHORT BUILDUP ROLE IN FUTURE MARKET

ICICI GENERAL INSURANCE
IB HOUSING
DIXON TECH
HDFC BANK

Shares with Today’s LONG UNWINDING Roles in the Future Market

IRCTC
ESCORTS
MCX
SAIL

Shares with Today’s SHORT COVERING Roles in the Future Market

POLYCAB
CUMMINS
UBL
CANFIN HOME

Rajesh Palviya of Axis Securities Giving his opinion on the market, said that this rise of Nifty will continue even further, so there will be a buying opinion in it. He said that it is advisable to buy at the level of 17450-17430 and Nifty can see the levels of 17550-17600.

Buy Nifty 17450-17430 SL 17370  target 17550-17600

Rajesh Palviya while giving his buying opinion on Bank Nifty said that it has also seen a good move since yesterday. Targets of 36950-37000 can be seen in this index, so it should be bought at the level of 36650-36580.

Buy Banknifty 36650-36580 SL 36580 target 36950-37000

Popular Stocks of Rajesh Palviya at Axis Securities

Buy auropharma 760 SL 745 target 790

buy HCL TECH 1258 SL 1230 target 1320-1340

Buy Godrej CP 1130 SL 1105 target 1160

Today’s SASTA OPTION: MOTHERSON SUMI

Rajesh recommends buying Motherson Sumi as a cheap option today. He said buy its 230 strike call at Rs 6.50 level. In this, targets of 12 to 14 rupees will be seen. However, it should also put a stop loss at Rs 3.50.

BUY MOTHERSON SUMI 230 CE 6.50 SL 3.50 TARGET 12-14

(Disclaimer: The views and investment advice given on moneycontrol.com are the personal views and opinions of investment experts. Moneycontrol advises users to consult a certified expert before making any investment decision.)

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