Option Picks for the Week

  • Stock Market Analysis

Nifty closed higher than the previous close nearly 362 points higher. The support of Nifty seems to be around 17,800 and resistance at 18,000. The PCR is around 1.56 for the 30th September expiry.

The most active Call was that of Nifty Bank 38000 CE with an OI of 73,703 and Put was of NIFTY 17800 PE with an OI of 64,610. The market is at higher levels and a healthy correction is possible in the present circumstances. Stocks that have seen the most active call options were Tata Motors Ltd (NS: TAMO ) 400 CE and the put option was TATAMOTORS 350 PE.

Here are few top picks for the week:

1. BUY: IndusInd Bank Ltd. (NS: INBK ) 1180 CE (42-43)

TARGET: 62
STOP LOSS: 28

This stock can be seen forming flag patterns on the weekly charts. The stock can also be seen consolidating t its resistance level on the daily chart and the breakout is expected to start the fresh rally, the PCR is 0.4 which seems favourable. Therefore, we advise taking a position above 42 with a Target of 62 and a Stop Loss of 28.
 
2. BUY:  IndiaMART InterMESH Ltd (BO: INMR ) 8800 CE (540-543)

TARGET: 671
STOP LOSS: 415

The stock has given a trend line breakout on its daily charts and is bouncing back after a minor correction on weekly charts and taking support of important moving averages. The PCR here is 0.5 and which seems favourable, Therefore, we advise taking a position above 540 with a target of 671 and a stop loss of 415.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
  • rangavajhala sreeramachandramurty @rangavajhala sreeramachandramurty
    You are not seen now a days .hope to see you soon with some hod advice
    Like 0
    • rangavajhala sreeramachandramurty @rangavajhala sreeramachandramurty
      Soon sir
      Like 0
    • Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

      Error: File type not supported

      Drop an image here or

      100
  • Amol Ivare @Amol Ivare
    Good morning Sir
    Like 0
  • Lalit Todi @Lalit Todi
    superb
    Like 0
  • shailendra kumar singh @shailendra kumar singh
    Seriously amazing ❤️
    Like 1
  • Sk Maqsood @Sk Maqsood
    hat off Your prediction Sir
    Like 0
  • Suresh Seervi @Suresh Seervi
    Super sir 👏👏👏👏👏👏
    Like 0
  • Suresh Seervi @Suresh Seervi
    Hi sir i watched ur indusind bank ce ue given buy above 42 now cmp 60.65 😍😍😍😍😍😍😍😍
    Like 1
  • punam yadav @punam yadav
    thank you
    Like 0
  • Vikas Darekar @Vikas Darekar
    hii
    Like 0
  • Jawed Wadia @Jawed Wadia
    excellent
    Like 0
  • Dharmendra Patel @Dharmendra Patel
    Nice analysis sir
    Like 1
    • Dharmendra Patel @Dharmendra Patel
      @Dharmendra Patel As per as INDIAMART is concern.
      Like 0
    • Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

      Error: File type not supported

      Drop an image here or

      100
  • Arshad Ali @Arshad Ali
    sir aap ke company me bahut froud ho raha hai mere paisa le ke mujhe block kar di hai Aditi naam hai uska
    Like 9
  • Dhinakaran Rajarathinam @Dhinakaran Rajarathinam
    Buy Voltas 1400CE at CMP quickly for the target of 100
    Like 0
  • Laxman Hawaldar @Laxman Hawaldar
    sir not writing artices on indices picks and stock picks for the week!!
    Like 2

Related Articles