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ICICIdirect Research Posted on 10:12am 22-Sep-2022

For the day, the SGX Nifty is suggesting a gap down opening around 17600.

Nifty                                                                                                        

Yesterday, the Nifty witnessed profit booking and closed with a loss of more than 0.50%. Except Nifty FMCG, all the other sectoral indices closed in the red. For the day, the SGX Nifty is suggesting a gap down opening around 17600. Immediate support for the Nifty is at 17500. If it sustains below the same that would lead to a fresh sell-off.

 

Bank Nifty

On Wednesday, the Bank Nifty opened higher but failed to sustain above 41600 and witnessed profit booking from thereon. According to options data, 41000 Put strike has sizeable OI, which should act as immediate support area. If it fails to sustains above 41000 then we may see 40500 level being tested in today’s expiry.

 

Stocks in F&O Ban

Ambuja Cement, Can Fin Homes, Delta Corp, Escorts, PVR, RBL Bank

 

Recommendations

Intraday – Coal India, Indus Towers

Positional – Jubilant Foodworks, IRCTC

 

For details, click on the link below

https://www.icicidirect.com/mailimages/Derivatives_View.pdf

  • Community User On 6 August, I bought 2 shares of Bajaj financial services, after the split & bonus I have to get 20 shares, but it is showing 10 shares only please clarify why it happens.

    10:44am 22-Sep-2022