The mood of recovery appears in the market on the last trading day of the week. Traders are now eyeing the monthly expiry to be held next week. Through the options data, the show Future Express will understand what range the writers are looking for next week.
Today’s expert HDFC SECURITIES Vinay Rajani is in this special show of CNBC-Awaaz. Vinay will also share his TOP CALLS with Rai on INDEX. Along with this, the cheap option earning in this show will also be told.
In today’s business, the LONGS position is visible in these stocks.
TRENT
GUJARAT GAS
AXIS BANK
AARTI IND
The SHORTS position is visible in these stocks in today’s trading
DABUR
NAVIN FLUORINE
CADILA
Giving opinion on the market , Vinay Rajani of JSPL HDFC SECURITIES has said that no long built up has appeared in the Nifty yet but only short covering has been seen. But the kind of setup is visible and the Nifty seems to be moving from the 4-day high to the Nifty, so today investors should have a long-term outlook. Today, focus should be on FMCG, banking and NBFC stocks.
He further said that the way the IT and pharma stocks are seeing some profit realization, it seems that the trend of traders is more visible towards high beta stocks at the moment. These high-beta stocks have seen significant correction in the past and many stocks are seen coming out of the outsold territory.
Vinay Rajani said that the Bank Nifty may appear to be rising and that the Bank Nifty may perhaps move the Nifty upwards as well. However, it should focus on specific stocks. At the same time, shopping will also be considered on the Nifty.
Investment advice on Nifty and Bank Nifty by Vinay Rajani of HDFC SECURITIES
Nifty: Buy-14400-14425, Stoploss-14300, Target-14550
BankNifty: Buy-32000, Stoploss-31650, Target-32500
Investment advice on stocks by Vinay Rajani of HDFC SECURITIES for 2-3 Sessions
1) IDFC First Bank (Apr Fut): Buy – Rs 52.4, Stoploss – Rs 51.4, Target – Rs 54
2) Bajaj Finserve (Apr Fut): Buy – Rs 10050, Stoploss – Rs 9850, Target – Rs 10350
Apart from this, Pradeep Pandya of CNBC-Awaaz described a cheaper option, under which he advised to buy Au Bank’s 1160 call option. He said that this call option should buy between 24 and 25, it should put a stoploss below 15 rupees and it can see a target of 40 and 56 very soon.
