After three consecutive days of decline in the stock market, there is a green signal today. The NIFTY has risen by nearly 100 points and reached around 19,500. HDFC Bank, Reliance, and Infosys performed well in the market. However, weak results from the largest bank in the banking sector, SBI, created pressure on NIFTY Bank. The Bank NIFTY slipped by 400 points. During this time, Shivangi Sarda from Motilal Oswal Financial shared some excellent F&O calls on our partner channel CNBC-Awaaz Futures Express. She also recommended a cheap option call for quick profits. Let’s take a look at her strong calls.
Nifty 50 Update: Range of Call Writers on NIFTY and Bank NIFTY
During the afternoon session, the highest number of call writers were seen at levels of 19,500, 19,600, and 19,700 on NIFTY. On the other hand, the highest number of put writers were seen at levels of 19,500, 19,400, and 19,300. Talking about Bank NIFTY, the most active call writers were seen at levels of 45,000, 45,200, and 45,500, while the highest number of put writers were seen at levels of 44,800, 44,600, and 44,500.
Shivangi Sarda from Motilal Oswal Financial’s brilliant F&O calls.
Apollo Tyres Future: Buy at Rs. 435, Target: Rs. 450, Stop loss: Rs. 425.
IDFC Future: Buy at Rs. 119, Target: Rs. 125, Stop loss: Rs. 117.
Today’s Cheap Option: Ashok Leyland
Providing a cheap option for today, Shivangi Sarda from Motilal Oswal Financial suggested placing a bet on Ashok Leyland. She recommended buying the call option with a strike price of 183 expiring in August. She advised buying it at a level of Rs. 6.35 and mentioned that it could have a target of Rs. 10. However, she also advised placing a stop loss at Rs. 4.
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