INTRADAY OUTLOOK: BUY BANK NIFTY IN THE RANGE OF 43000-43100
Nifty F&O View:
Ahead of weekly expiry, Nifty is expected to trade in a broader range between 18500 and 18800. Even option data, suggests that substantial Put writing at 18500 strike which should act as immediate support while on the higher side 18800 Call strike would act as resistance.
Sell Nifty 18400 Put option (December 8 expiry) in the range of Rs 50-52 Target: Rs 25 Stop loss: Rs 66
Bank Nifty F&O View:
For the day, Bank Nifty is expected to continue its positive momentum as ATM Call strike witnessed unwinding. On the other side sizeable Put OI addition was seen in 43000 strike which indicates that the downside would be limited.
Buy Bank Nifty future in the range of 43000-43100 Target: 43350-43450 Stop loss: 42850
Disclaimer
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