INTRADAY OUTLOOK: BUY BANK NIFTY IN THE RANGE OF 43200-43250
Nifty F&O View:
On Friday, Nifty is likely to face resistance at higher levels as 19000 Call strike hold sizeable OI. However, our bias remains positive and we don’t expect Nifty to trade below 18700 level.
Sell Nifty 19000 Call option (December 8 expiry) in the range of Rs 50-51 Target: Rs 25 Stop loss: Rs 65
Bank Nifty F&O View:
For the day, Bank Nifty is likely to consolidate with positive bias. The expected range is likely to be in between 43000 - 43500 as respective Put and Call strike hold substantial OI. Among banking stocks, we expect PSU banks to outperform private banks
Buy Bank Nifty future in the range of 43200-43250 Target: 43400-43500 Stop loss: 43150
Disclaimer
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