Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Market Commentary

| More

Market Outlook - F&O - June 26, 2020 - ICICI Securities

Posted On: 2020-06-28 18:02:53


By Amit Gupta, Head - Derivatives, ICICI direct

Derivatives Weekly View (June 26): Positive consolidation expected above 10200

The Nifty broadly consolidated above 10200 for the entire week. We believe this pattern will be followed in the coming week also. Positive consolidation should continue in the index.

The highest Put is now placed at the 10000 strike, which should remain a positional support. The highest Call base for the series is placed at 10500, which remains an intermediate hurdle.

Bank Nifty: Positive bias to continue to prevail above 20000...

Despite a sharp swing on both sides, the Bank Nifty finally managed to close marginally below its monthly high levels. However, after a seventh week expiry, the index managed to close above 21500, which was last seen in April.

Private and public banks supported the up move whereas stock like Axis Bank and Kotak Bank are trading near their sizeable Call base, which may keep the index move in check. However, in the current leg of the Bank Nifty rally, PSU banks remained in focus. The short OI left uncovered for the July series indicates more upsides.

Positional Future Recommendation

Long Page Industries (PAGIND) July future in the range of Rs. 20000-20200. Target: Rs. 22200; Stop Loss: Rs. 18800

Rationale

Page Industries has remained largely in a range since March between 18000 and 20000. Despite high volatility, it was able to hold these levels. Post its quarterly results, it has shown outperformance vis--vis the market as closure of short positions was experienced. The July series has started with relatively low OI. We believe fresh OI addition is likely to take the stock higher. The delivery based buying seen in the stock around Rs. 18800 levels is likely to provide strong support on declines. We believe the stock is likely to move above its consolidation range and may attempt to test the 22000 mark in the coming sessions.

For details, click on the link below: https://www.icicidirect.com/mailimages/Derivatives_view.pdf


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Market takes a breather around 200-SMA: Angel Broking

Derivatives Weekly View (July 10): Consolidation expected with support at 10600... - ICICI Securities

Technical View - July 10, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Commentary - July 10, 2020 - Bonanza Portfolio

Technical View - July 9, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Commentary - July 9, 2020 - Bonanza Portfolio

Market consolidates with positive bias at 200-SMA: Angel Broking

Daily Markets - July 9, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Technical View - July 8, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Profit booking seen in last hour of trade: Angel Broking

Daily Markets - July 8, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Daily Market Commentary - July 8, 2020 - Bonanza Portfolio

Financial space drives the rally, base shifts at 10689: Angel Broking

Daily Markets - July 7, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Technical & Derivatives Report - 7th July 2020 - Angel Broking

Technical View - July 7, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Technical View - July 6, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Commentary - July 6, 2020 - Bonanza Portfolio

Nifty continues its upmove, midcaps in momentum: Angel Broking

Daily Markets - July 6, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Market Outlook - F&O - Amit Gupta, Head - Derivatives, ICICI direct

Market Outlook - Technical - Dharmesh Shah, Head - Technical, ICICI direct

Broader market outperformance to extend.. - Market Outlook - ICICI Securities

Daily Market Commentary - July 3, 2020 - Bonanza Portfolio

Technical View - July 3, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Markets - July 2, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Daily Market Commentary - July 2, 2020 - Bonanza Portfolio

Indian Rupee - July 2, 2020 - Mr. Anuj Gupta (DVP-Commodities & Currencies Research, Angel Broking)

Nifty at 4-months high, base shifts at 10300: Angel Broking

Technical View - July 2, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Markets Daily - July 1, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Financial space takes a lead, Nifty reclaims 10400: Angel Broking

Daily Market Commentary - July 1, 2020 - Bonanza Portfolio

Technical View - July 1, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Commentary - June 26, 2020 - Bonanza Portfolio

Technical View - June 26, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Market Outlook - Technical - June 26, 2020 - ICICI Securities

Stock specific activity to remain in focus amid consolidation in benchmark indices... - ICICI Securities

Bulls defended the territory, better to take one step at a time: Angel Broking

Daily Markets - June 25, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Daily Market Commentary - June 25, 2020 - Bonanza Portfolio

Technical View - June 25, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Markets - June 22, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Daily Market Commentary - June 22, 2020 - Bonanza Portfolio

Technical View - June 22, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Broader markets witness buying momentum: Angel Broking

Daily Market Commentary - June 19, 2020 - Bonanza Portfolio

Technical View - June 19, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Commentary - June 18, 2020 - Bonanza Portfolio

Daily Markets - Mr. Deepak Jasani, Head Retail Research, HDFC Securities







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019