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Derivatives outlook and recommendations for 19 Dec' 17

Way2wealth | 19 Dec, 2017  | Follow Author | Add to my Favourites 
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After yesterday’s high volatile session, today markets are expected to open on  flat  to  positive  note  and  thereafter  will  continue  to  trade  in  narrow band  of  10350-10440  levels  with  positive  biasness.  On  higher  side  call writing `at 10500 option will act as stiff supply zone for indices whereas put writing at 10300 will prove as strong support.

Yesterday amid choppiness, Indian bourse opened with loss of more than 2%  but  soon  favorable  results  in  state  election  provided  much  needed support to indices and nifty recovered all the losses and rallied by almost 300  points  from  its  days  low  to  make  high  of  10440  levels  in  afternoon session.  Minor  profit  booking  from  higher  levels  was  seen  in  last  hour  of trades but nifty managed to close around 10388 with gains of 55 points.


Script            Action  Initiation           Target       SL

TCS              BUY     Around 2575         2640         2540

DCBBANK    BUY     Around 195           202           192

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2,816.45 -13.50
2,818.15 -13.20
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About Way2wealth

Way2Wealth today has established itself as one of India’s ‘Premier Investments Consultancy Firms’, known for making investing simpler, more understandable and profitable for the investors. They offer a wide range of products & services viz: Equity, Derivatives, Currency Futures, Commodities Trading, IPO's, Mutual Funds, Portfolio Management Services & Depository Services.


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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.

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