Monday, August 7, 2023

morning thoughts...

Coming session to witness mix trade with nifty attempting 19600 with mild resistance at 19650 and lower supports at 19500 and 19400 and bank kifty to hover around 45000 with resistance at 45200 above which 45600 is likely , lower band supports exists at 44500 levels
Individual stocks will continue to outperform amongst which we see upmove in m&m , mgl , divis lab, rec , lupin and pfc among others and advise buying futures and options of the same
Weak stocks for puts and shorting futures are abfrl , brittania , vedanta
Commodities looks subdued and weak in base metals , energy and bullions

Nifty , bank nifty and stocks as above

Lic 410 does 30++
Bank nifty ce inches towards 500
Nifty ce inches towards 200
Castrol does 155++
Abfrl moves to 192