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NRI

INTRADAY OUTLOOK: BUY BANK NIFTY IN THE RANGE OF 43300-43350

Nifty F&O View:

The Nifty may witness a volatile move at higher levels considering aggressive writing at 18800 and 19000 Call strikes for the current weekly settlement. However, on the downside, support is placed between 18450 and 18500

Sell Nifty 18900 Call option (December 8 expiry) in the range of Rs 32-34 Target: Rs 14 Stop loss: Rs 45

Bank Nifty F&O View:

Outperformance in the Bank Nifty is likely to continue as aggressive Put writing was witnessed at ATM and OTM strikes. However, 43500 level remains an immediate hurdle on upsides. We expect PSU banks and midcap banks to outperform large cap banks

Buy Bank Nifty future in the range of 43300-43350 Target: 43500-43550 Stop loss: 43200

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