Amazon Great Indian Festival 2020 - Electronics
Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Amazon Great Indian Festival 2020 - Electronics
Market Commentary

| More

Derivatives Weekly View (September 18): Nifty likely to consolidate around 11500 in expiry week - ICICI Securities

Posted On: 2020-09-18 06:37:00


Nifty likely to consolidate around 11500 in expiry week...

The positive bias prevailed in the Nifty last week where it managed to test 11600. However, due to profit booking in a few heavyweights at higher levels, the Nifty could not hold on to its gains

Reliance Industries remained muted whereas selling was seen in metals, FMCG, HDFC Ltd and banking stocks. IT, auto and pharma continue to do well, which provided a cushion to the index at lower levels

Bank Nifty has strong support at 22000...

In the current leg of consolidation, the Bank Nifty continued to remain a laggard as it failed to find any sustainable momentum despite most private banks being near their support and highest Put base for the September expiry at 22000 levels.

A sharp sell-off was seen on the last day of the week due to which the Bank Nifty slipped below 22000. However, towards the end, on the back of OTM Put writing, the index managed to close well above 22000 along with a rise in premium over spot.

Positional Future Recommendation

Long Dabur India (DABIND) September future in the range of Rs. 505-510. Target: Rs. 545; Stop Loss: Rs. 486

Rationale

In the ongoing consolidation around 11500, stocks specific high volatility is evident. While most FMCG stocks failed to participate in the recent up move, Dabur India has seen continued buying support at every decline. The stock had a significant Call base at 500 and 510 strikes for the September series while closure of Call writing positions was seen in the last session indicating expectations of a continued up move. Even the open interest has risen sharply in the last few sessions suggesting long build up. We expect the current uptrend to find momentum in the coming sessions. It is likely to move towards Rs. 540 in the near term.

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

Amazon Great Indian Festival 2020 - Mobiles





Other Headlines:

Daily Markets - Oct 30, 2020 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Rollover Report for October 2020 - November 2020: Angel Broking

Daily Market Wrap-Up - Oct 30, 2020 - Angel Broking

Technical View - Oct 30, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

October series concludes above 11600: Angel Broking

Daily Markets - Oct 29, 2020 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Commentary - Oct 29, 2020 - Bonanza Portfolio

Daily Market Wrap-Up - October 29, 2020 - Angel Broking

Rupee - Oct 29, 2020 - Reliance Securities

Technical View - Oct 29, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Technical View - Oct 28, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Make or break levels around 11700 - 11660: Angel Broking

Daily Market Commentary - Oct 28, 2020 - Bonanza Portfolio

Daily Markets - Oct 28, 2020 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Market Wrap-Up - Oct 28, 2020 - Angel Broking

Rupee - Oct 28, 2020 - Reliance Securities

Daily Markets - Oct 27, 2020 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Commentary - Oct 27, 2020 - Bonanza Portfolio

11700 becomes the sheet anchor for the bulls: Angel Broking

Technical View - Oct 27, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Markets - Oct 26, 2020 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Global uncertainty shakes our markets again: Angel Broking

Daily Market Commentary - Oct 26, 2020 - Bonanza Portfolio

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

Rupee - Oct 26, 2020 - Reliance Securities

Market Wrap-Up - October 23, 2020 - Angel Broking

Daily Markets - Oct 23, 2020 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Rupee - Oct 23, 2020 - Reliance Securities

Some tentativeness around 12000, but odds in favor of bulls: Angel Broking

Technical View - Oct 23, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Weekly options expiry ends tad below 11900: Angel Broking

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

Daily Market Commentary - Oct 22, 2020 - Bonanza Portfolio

Rupee - Oct 22, 2020 - Reliance Securities

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

Daily Markets - Oct 21, 2020 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Massive volatility haunts traders: Angel Broking

Market Wrap Up - Oct 21, 2020 - Angel Broking

Daily Market Commentary - Oct 21, 2020 - Bonanza Portfolio

Indian Rupee - Oct 21, 2020 - Reliance Securities

Technical View - Oct 21, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Markets - Oct 20, 2020 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Wrap-Up - Oct 20, 2020 - Angel Broking

Daily Market Commentary - Oct 20, 2020 - Bonanza Portfolio

Rupee - Oct 20, 2020 - Reliance Securities

Technical View - Oct 20, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Nifty back to safer zone as closes above 11850: Angel Broking

Daily Markets - Oct 19, 2020 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Wrap-Up - Oct 19, 2020 - Angel Broking

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







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

disclaimer copyright © 2005 - 2019