Sectorally, buying was seen in metals, consumer durables, IT, utilities, and capital goods.
Highest new OI (open interest) addition was seen at 18,000 for Calls and 17,300 for Puts in weekly and at 18,000 for Calls and 17,300 for Puts in monthly contracts.
Bulls remain firmly in control of D-Street as benchmark indices managed to close above crucial support levels so far in the week.
“Though the approach to 17,730 exposed vulnerability on anticipated lines, upside prospects, remain alive as long as above 17,550 on a closing basis,” Anand James – Chief Market Strategist at
, said.
“The day’s positive bias could be lost though if Nifty slips below 176,40. Repeat breach of 17,500 could call for 17,000,” he said.
We have collated stocks from various experts for traders who have a short-term trading horizon:
Expert: Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities told ETBureau
Canara Bank: Buy| Target Rs 246| Stop Loss Rs 234
The counter is trading in a range-bound mode for the past few sessions. Rising volume suggests a breakout from the range which is positive.
Godrej Properties: Buy| Target Rs 1425| Stop Loss Rs 1360
The company has reversed from the retracement zone. Incremental volume hints at a breakout from the sloping trend line.
MindTree: Sell| Target Rs 3200| Stop Loss Rs 3350
The company has formed a bearish candlestick formation suggesting further weakness from the current levels.
Asian Paints: Sell| Target Rs 3260| Stop Loss Rs 3420
The stock failed to sustain above the short-term moving averages which indicates further downward momentum.
Expert: Kunal Bothra, Market Expert told ETNow
Consumer: Buy| Target Rs 430| Stop Loss Rs 400
L&T Finance Holdings: Buy| Target Rs 88| Stop Loss Rs 75
Havells India: Buy| Target Rs 1400| Stop Loss Rs 1280
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
