Market Outlook
Domestic market opened negative as taking cues from weak Global indices. Nifty future shown selling pressure at every bounce but strong support was seen at around 4950 area. On option front, maximum Put OI is at 4700 followed by 4800 strike while maximum Call OI is now shifted from 5000 to 5200 and 5300 strike. If Nifty future sustains above 5000 levels then it may move up towards 5050-5100 levels. On downside if it fails to hold 4950 levels, then selling pressure may get intensified in the market towards 4900-4800 levels.
Derivatives Calls : Buy Lupin Labs and Sell BHEL
www.nangakaro.com
No comments:
Post a Comment