On Expiry day both Nifty and Bank Nifty ended with negative trend. The signs of yesterday trade reflected further down trend to continue due to out come of UK election results. ECB meeting and FED meet also likely to decide the course of the global market. Till mid of this month one can expect a move around 9550-9700. During this profit booking session, new investors can take it as an opportunity to enter at 9550-9575 level to pick FMCG(HUL & Britannia), IT and Banking (SBI and BOB only) to see decent gains before expiry. Avoid Pharma, Cement and paint sector stocks during this time.
Option pick for the day: 23300 Put 15th expiry could give decent gains on a intra day basis.
Option pick for the day: 23300 Put 15th expiry could give decent gains on a intra day basis.
Excellent analysis Sir.I was thinking since few days how the writer come in profit for 9500 cepe!
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