Last day of the week call for a retest of nifty towards 17400 and 39800 on bank nifty with call writers having an edge and decay of premium in call options
On the lower side supports may be witnessed at 17350-400 levels and 39600 levels on the bank nifty
Individual stocks like divis labs , ambuja cements , , mcdowell , granules india , itc will see buying and will seek upper trajectory whereas stocks like m&m financial , power grid , chola fin , m&m , tvs motors looks ripe for a sell and will seek lower trajectory
Commodities looks subdued in base metals ,energy and bullions
Stocks to watch
Sell nifty and bank nifty
Buy nifty 17500 pe
Buy bank nifty 40000 pe
Buy m&m fin 200 pe
Buy powergrid 220 pe
Sell fo m&m, tvs motors
Sell crude , gold , silver mcx
