Nifty Wednesdays: Rollercoaster Ride or Smooth Sailing?
Nifty surged ahead to make new high once again breaching above the 22,200 zone during the intraday session with the index positioned strongly with further rise anticipated in the coming days.The support for the day is seen at 22,050 while the resistance is seen at 22,350.
Our Recommended Strike Price was Nifty 22100 – 22250
Potential Level : 22453.06, 22421.62, 22231.66, 22200.22, 22079.78, 22048.34, 21858.38 & 21826.94
Bank Nifty Expiry Day: Will Support Hold or Bulls Face Resistance?
Bank Nifty has indicated a breakout above the 46,800 zone to anticipate for further fresh upward with bias and sentiment turning much positive.Bank Nifty would have the daily range of 46,700-47,600 levels.
Our Recommended Strike Price was Bank Nifty 46500 – 47200
Potential Level : 47774.08, 47707.84, 47307.6, 47241.36, 46841.12, 46774.88, 46521.12 & 46454.88
Stocks on News
ZEE : ZEE has clarified that the company is involved in any negotiations with Sony to revive the merger and term the reports as factually incorrect.
Our Recommended Strike Price for ZEE 185 – 202.50
Hindalco : Hindalco’s subsidiary Novelis Inc has filed a confidential draft document with Securities and Exchange Commission for an IPO in the US markets.
Our Recommended Strike Price for Hindalco 505 – 515
Ashok Leyland : Ashok Leyland will set up a new integrated commercial vehicle plant focused on green mobility in Uttar Pradesh. The greenfield manufacturing facility will be spread over 70 acres.
Our Recommended Strike Price for Ashok Leyland 172 – 176
Wipro : Wipro and IBM expand their partnership to offer new AI services and support to clients.
Our Recommended Strike Price for Wipro 527.50 – 537.50