F&O Talk: Go long in Nifty, Bank Nifty with buying on declines, says Shilpa Rout of Prabhudas Lilladher

F&O Talk: Go long in Nifty, Bank Nifty with buying on declines, says Shilpa Rout of Prabhudas Lilladher

Frontline indices Nifty50 and Bank Nifty scaled new highs of 24,174 and 53,180 points, respectively, last week and have since sustained these levels. The benchmark Sensex advanced 1,000 points in just 17 trading sessions. Both the Sensex and Nifty gained for four consecutive sessions before closing Friday’s trading session in the red. However, both indices … Read more

Nifty F&O Strategy: Expect consolidation with support near 17,500; go for short straddle, says ICICI Direct

Nifty F&O Strategy: Expect consolidation with support near 17,500; go for short straddle, says ICICI Direct

Strategy PositionsSell 27th April Nifty 17900 Call at 121-125 & Sell 27th April 17900 Put at 136-140, Target: 100, Stoploss: 360 Time Frame: till expiry.RationaleThe Nifty extended its gains by another 1% in a truncated last week and tested our targets of 17800, driven largely by short covering. Once again, financial stocks were major gainers … Read more