Check out the F&O trends in Bank Nifty and select stocks such as ICICI Bank, Maruti, Yes Bank with Chandan Taparia, Derivative Analyst, Anand Rathi:
SmartInvestor:Markets continue to trade near three-week highs with financials leading the gains. The Bank Nifty is also active in the options segment today. what is your call on the sectoral index for Feb options expiry?
Chandan Taparia:Bank Nifty was trading in a range of 10000 to 10350 zone, it crossed 10350 and witnessed sharp up move towards 10600 levels. Now next hurdle at around 10660 levels, if it manages to cross 10660 then only this rally can continue.
Bank Nifty has immediate support at around 10420 then 10325 levels.
Chandan Taparia:Nifty future has rallied from 6000 to 6130 levels and now near to upper band of the trading range so holding above or below 6130 would decide the next move of the market.
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