As per the Option data, Nifty has witnessed Put writing at 11,000 strike which is a clear support level along with Call unwinding on a majority of out of the money strikes from which we can expect an up move ahead of weekly expiry.
Stock recommendation:
BUY HCL Technology (Above Rs 1,035)
BUY TCS (above Rs 2,200)
==================================
Disclaimer: The analyst does not hold positions in any of the stocks mentioned above
To read the full story, Subscribe Now at just Rs 249 a month
Already a subscriber? Log in
Subscribe To BS Premium
₹249
Renews automatically
₹1699₹1999
Opt for auto renewal and save Rs. 300 Renews automatically
₹1999
What you get on BS Premium?
-
Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
-
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
Need More Information - write to us at assist@bsmail.in