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NRI

INTRADAY OUTLOOK: BUY BANK NIFTY IN THE RANGE OF 42800-42900

Nifty F&O View:

For the day, SGX Nifty suggest gap down opening. However we expect Nifty to recover from lower levels, since fresh long build-up was observed in that last two sessions. On the options front, 18500 Call strike witnessed unwinding while simultaneously 18500 Put strike witnessed sizeable OI addition which should act as support

Sell Nifty 18500 Put option (December 1 expiry) in the range of Rs 50-52 Target: Rs 25 Stop loss: Rs 66

Nifty F&O View:

The Bank Nifty is expected to consolidate further around current levels as noteworthy OI addition was witnessed in both 43000 Call and Put strike. However, our view continues to remain positive and intraday dips should be used to create long positions.

Buy Bank Nifty future in the range of 42800-42900 Target: 43200-43300 Stop loss: 42700

 

 

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