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
Disclaimer
ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investments in securities markets are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The securities quoted are exemplary and are not recommendatory. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.