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
SHARES WITH TODAY SHORT BUILDUP ROLE IN FUTURE MARKET
ICICI GENERAL INSURANCE
Shares with Today’s LONG UNWINDING Roles in the Future Market
Shares with Today’s SHORT COVERING Roles in the Future Market
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
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