INTRADAY OUTLOOK: BUY BANK NIFTY IN THE RANGE OF 43200-43250
Nifty F&O View:
For the day, the Nifty is expected to trade in the broader range between 18600 and 18800 as respective Put and Call strikes hold sizeable OI. In case the Nifty manages to sustain above 18800, then a renewed up move is expected on the back of Call unwinding
Sell Nifty 18600 Put option (December 15 expiry) in the range of Rs 32-34 Target: Rs 14 Stop loss: Rs 45
Bank Nifty F&O View:
The Bank Nifty is likely to continue its consolidation around current levels as long OI unwinding was seen. On the downside, 43000 Put strike holds substantial OI, which should act as support while on the higher side 43500 would act as resistance
Buy Bank Nifty future in the range of 43200-43250 Target: 43400-43450 Stop loss: 43100
Disclaimer
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