The derivatives analyst from HDFC Securities suggests to BUY 1,150 Call for February 23 expiry of HCL Technologies, and simultaneously SELL 1,200 Call of the same series
Adani Enterprises, Adani Ports, ACC and Ambuja Cements witnessed significant build-up of OI in tandem with a fall in stock price so far this week, indicating build-up of shorts at these counters.
On the upside, the Rs 6,700-odd level remains a major hurdle for Crude Oil futures; whereas, interim support for Natural Gas is placed at Rs 240.
In case Rs 285 holds, Natural Gas futures can potentially rally to Rs 344.
In case, the MCX Crude Oil futures fail to hold the support, the commodity could revisit its December lows of Rs 5,850 level.
On the downside, MCX Crude Oil January futures could slide to Rs 5,940 or even re-test the recent lows at Rs 5,850-level; Natural Gas seems on course to test Rs 290 level.
The derivative analyst from HDFC Securities recommends to Buy Bharat Forge 880 Call and simultaneously Sell 900 Call for the January expiry.
The options data indicates that the Nifty may look to hold on the 18,000-mark till expiry, given the high OI at the 18,000 Put.
The derivative analyst from HDFC Securities recommends to Buy Bank Nifty 43,500 Call and simultaneously Sell 44,000 Call for the weekly expiry ending on 22-December.
The derivative analyst from HDFC Securities also recommends buying United Spirits November futures for a price target of Rs 940.
On the downside, the MCX Crude Oil futures have near support at Rs 7,111 and Rs 7,039 levels. Meanwhile, Natural Gas futures likely to get considerable support around Rs 486.
The derivative analyst from HDFC Securities recommends buying HCL Technologies 1020 Call and selling 1040 Call of the October series.
On the upside, the MCX Crude Oil futures are likely to face resistance around Rs 7,070 and Rs 7,220. Natural Gas futures face resistance at Rs 485, above which it may pullback towards its 200-DMA.
The derivative analyst from HDFC Securities recommends buying Bata India 1840 Call and selling 1900 Call of the October series.
The technical analyst from HDFC Securities recommends buying L&T 1900 Call and simultaneously selling 1920 Call for the August series.
The technical analyst from HDFC Securities recommends buying Infosys 1520 Call and simultaneously selling 1580 Call of the August expiry.
The MCX Gold October futures is trading near multiple supports in the form of 20-WMA, 20-DMA and 50-DMA; Whereas Silver futures may seek support near its recent low of Rs 54,160-odd level, while the u
The derivative analyst from HDFC Securities recommends buying Bandhan Bank April 360 Call and simultaneously selling 360 Call.
Pharma as a sector looking good on the short term chart, according to Nandish Shah of HDFC Securities.
Crude palm oil clocked an average volume of around Rs 200 crore daily on the Multi Commodity Exchange