INTRADAY OUTLOOK: BUY BANK NIFTY IN THE RANGE OF 43550-43600
Nifty F&O View:
For the day, the Nifty is likely to consolidate around current levels as 18600 Call and Put strikes both hold substantial OI. However, our bias remains positive. Any dips towards 18500 levels should be used to create fresh long positions
Sell Nifty 18450 Put option (December 15 expiry) in the range of Rs 40-42 Target: Rs 20 Stop loss: Rs 51
Bank Nifty F&O View:
On Friday, the Bank Nifty is likely to continue its outperformance vis-à-vis the Nifty on the back of fresh long build-up. Among banking stocks, PSU banks and select private sector banks like Axis Bank, IndusInd Bank are likely to be top gainers
Buy Bank Nifty future in the range of 43550-43600 Target: 43850-43950 Stop loss: 43450
Disclaimer
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