Option Picks For the Week

  • Stock Market Analysis
  • Editors Pick

Nifty gave a bullish closing above 14,300. It seems that the January effect may be in place. Nifty breached its resistance of 14,300 and seems to be heading towards the level of 14,500. The expectations from the stimulus packages in the U.S seems to be sustaining the markets on higher levels. The PCR being 1.3 and ATM implied volatility being 14.9 and Max pain being at 14300.

The support of Nifty seems to be at 14,100 and 14,000 being the psychological level. Weekly closing of Nifty above 14,300 suggests a possible rally till 14,500 where it may halt in order to rally to 14,750.
Following are some picks for the upcoming week: 
            
1. HDFC Bank Ltd (NS: HDBK ) Jan 1500 CE (18-20)

Target: 32
Stop Loss: 9
The stock is taking the support of 1410 and ripe for a breakout above 1445 and also sustaining above its near term moving averages. Further upward momentum is expected once the level of 1445 is breached. The PCR of 0.6 suggests a possible bullish movement and as Bank Nifty sustained above 32,000 the chances that it will fare well also has increased.
 
2. Hero MotoCorp Ltd (NS: HROM ) Jan 3200 CE (87-89)

Target: 138
Stop Loss: 49
The stock has given a breakout above its daily level of 3150 and closed above it. With the recent positive momentum in the Automobile sector, further momentum is expected. With a PCR of 0.6, one can expect to see the impending bullish rally.

Disclaimer: The analyst does not hold a position in any of the stocks mentioned above.
 

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  • hariom gupta @hariom gupta
    Today I checked and found that both the target achieved on 14/1. Realy Great research
    Like 0
  • Mudit Jain @Mudit Jain
    Sir your are really grt 👏🏻
    Like 0
  • Raja Sekhar @Raja Sekhar
    Try to give this type of calls everyweek for small traders like me..
    Like 4
  • Raja Sekhar @Raja Sekhar
    Try to give this type of calls everyweek for small traders like me..
    Like 2
  • Raja Sekhar @Raja Sekhar
    Try to give this type of calls everyweek for small traders like me..
    Like 0
  • Shahbuddin Khilji @Shahbuddin Khilji
    big fan sir
    Like 1
  • Babu Sahoo @Babu Sahoo
    Sir what about tata motors??
    Like 0
  • Enigma Indian @Enigma Indian
    Sir BRITANNIA looks great on a daily time frame above 3637. What is your view???
    Like 0
    • Enigma Indian @Enigma Indian
      Breaking 3637 it made a high of 3648.80 today.
      Like 0
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  • Enigma Indian @Enigma Indian
    Thanks Sir.
    Like 0
  • Enigma Indian @Enigma Indian
    The chart pattern of HEROMOTOCORP on a daily time frame clearly indicates a bullish signal.The RSI also suggests bullish sentiment. Hoping tomorrow the spot price to touch 3270.
    Like 0
    • Enigma Indian @Enigma Indian
      Made ahigh 3295 today
      Like 0
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  • urvi Singh @urvi Singh
    your tips awesome
    Like 2
    • Aditya Dixit @Aditya Dixit
      hi urvi
      Like 0
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