Once again Nifty future today open and closed at (10586.55) record high but market was trading in narrow range, Selling has been seen in Reality. Banking, Metal and FMCG and bullish trend had been seen in Pharma, Media and IT shares.
Lot will depends on meeting between US and China to ease trade war in which world is optimism whereas Trump doesn’t believe any major relief from the meeting. Tomorrow market is closed on the occasion of Barka ID.
If we talk about option data, maximum OI is placed at 11600 CALL where investors are looking for resistance and maximum OI in case PUT at 11400 followed by 11500.
We suggest you to trade with caution on Thursday market and take a look at tomorrow’s world market movement which will give investors clue for Thursday market. Stock specific movements will be seen on Thursday market.
WE SUGGEST YOU TO CLOSELY WATCH BBTC AS IT HAS GIVEN ALL IMPORTANT BREAKOUT TODAY ON DAILY CHART, WE EXPECT LOT MORE IN BBTC IN COMING DAYS.
STOCK TRADING TIPS FOR THURSDAY – 23rd AUGUST
BUY BBTC ABOVE 1680 TARGET 1710-1730 WITH SL 1640
BUY BF INVESTMENT ABOVE 351 TARGET 355-361 WITH SL 345