There is a buying mood in the market. NIFTY has imposed HIGH for the third consecutive day. In such a situation, through the data of options, we will try to understand which range the writers are holding for this week. Our today’s expert on the show on CNBC-Awaaz is Saurabh Sisodia of Quantify Capital. Saurabh will also give strong calls on stocks with INDEX. Also, there will be a cheap earning option for you in this show.
Today’s bearish stocks in the futures market
CITY UNION BANK
Today’s bullish stocks in the futures market
Saurabh Sisodia, CO-FOUNDER, Quantify Capital Giving opinion on the market, said that after three days of rally in the market, a slight correction has been seen today, yet it would be advisable to buy on the decline in the market. Advising to trade in the market only through call options. Overall, he has a bullish outlook on Nifty, he added.
Through call option one should buy Nifty 15500 call on June 3 and sell it in 15600 call on June 3.
Saurabh Sisodia has asked to buy in this stock with a stop loss of 535 with a target of Rs 570.
Buy Wipro, SL 535, Target 570
Saurabh Sisodia has asked to sell in this stock with a stop loss of 1480 for a target of Rs 1400.
Sell Grasim, SL 1480, Target 1400
Saurabh Sisodia has asked to buy in Hindunilvr (HUL) with stoploss of 2320 for a target of Rs 2400.
Buy Hindunilvr (HUL), SL 2320, Target 2400
Cheaper option of Saurabh Sisodia
Saurabh said that Asian Paints should buy a strike call of 3000. Put a stop loss of 40 in this and a target of 100 can be seen in it.
Buy Asian Paint 3000 CE, SL 40, Target 100
Cheaper option of Pradeep Pandya
Pradeep Pandya of CNBC-Awaaz has also suggested a cheaper option in today’s show. Pradeep said that SBI’s put with strike of 940 should be bought. In this, you can buy it at the level of 13 by putting a stoploss below 8. A target of 20 to 24 can be seen in this.
Buy SBI LIFE 940 PE 13 sl below 8 Tgt 20 & 24
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