F&o Strategies
MCX Crude Oil may break Rs 5,000-mark; Natural Gas remains weak
The MCX Crude Oil futures seem on course to test the 200-WMA placed at Rs 5,000. However, given the indications from momentum oscillators, the commodity may break the support level.
 "MCX Crude Oil may break Rs 5,000-mark; Natural Gas remains weak")
Bias turns positive; Gold may rally towards Rs 58,700, Silver Rs 70,000
The near term bias for MCX Gold April futures is likely to remain bullish as long as the commodity sustains above Rs 57,100.
 "Bias turns positive; Gold may rally towards Rs 58,700, Silver Rs 70,000")
NTPC, PFC: 5 F&O stocks see long OI build-up; Here's how to trade in them
Build-up of long OI in general indicates that traders are expecting the price of the underlying stock or index to gain in the near-term.
 "NTPC, PFC: 5 F&O stocks see long OI build-up; Here's how to trade in them")
Nandish Shah recommends Bear Spread on Dabur for the March expiry
The derivative analyst from HDFC Securities recommends to Buy Dabur 530 Put option and simultaneously Sell 525 Put of the March series.
 "Nandish Shah recommends Bear Spread on Dabur for the March expiry")
MCX Crude Oil may soon breakout; Bias negative for Natural Gas below Rs 224
The anticipated trading band for the MCX Crude Oil futures has got narrower to Rs 6,180 - Rs 6,660. Broader trend for Natural Gas remains weak as the commodity trades below 200-WMA.
 "MCX Crude Oil may soon breakout; Bias negative for Natural Gas below Rs 224")
Traders can adopt buy on dips strategy on Nifty, Bank Nifty: Ravi Nathani
The technical analyst expects an upside target of 17,800 - 17,900 on the Nifty, with stop loss of 17,400.
 "Traders can adopt buy on dips strategy on Nifty, Bank Nifty: Ravi Nathani")
F&O Strategy: Nandish Shah recommends Bull Spread on PowerGrid Corp
The derivative analyst from HDFC Securities recommends to Buy PowerGrid 222.50 Call and simultaneously Sell 230 Call for the March expiry.
MCX Gold likely to test Rs 54,000-level; Silver can dip to Rs 61,200
In case of a pullback, the immediate resistances for Gold and Silver futures are placed at Rs 56,050 and Rs 64,580, respectively.
Nandish Shah recommends a Bull Spread on Glenmark Pharma for March expiry
The derivative analyst from HDFC Securities recommends to Buy Glenmark 460 Call and simultaneously Sell 480 Call of the March series.
Nifty can tumble over 15% from here on if it breaks 17,300, charts suggest
In the interim, the 200-WMA at 16,975 could be another key level to watch out for, as the Nifty had bounced back from there during the correction in the first half of 2022.
 "Nifty can tumble over 15% from here on if it breaks 17,300, charts suggest")
Key support for MCX Gold stands at Rs 55,900; Silver Rs 64,400
The weekly chart suggests, sustained break and trade below Rs 55,900, can trigger a fall in Gold futures towards the Rs 54,000 level.
 "Key support for MCX Gold stands at Rs 55,900; Silver Rs 64,400")
Here's why the Nifty can rally to 18,200; Ravi Nathani explains
According to the technical analyst, the Nifty is in the process of forming an Inverse Head and Shoulder pattern, which is a bullish chart pattern.
 "Here's why the Nifty can rally to 18,200; Ravi Nathani explains")
Bias for MCX Crude Oil turns marginally positive, can rally up to Rs 7,600
Meanwhile, the MCX Natural Gas futures need to conquer the key resistances at Rs 224 and Rs 232 for a meaningful pullback rally to emerge.
 "Bias for MCX Crude Oil turns marginally positive, can rally up to Rs 7,600")
MCX Crude Oil remains range-bound; Natural Gas can bounce back to Rs 255
The MCX Natural Gas futures need to sustain above Rs 209-level, break and sustained trade above Rs 224 can trigger a rally towards Rs 255.
 "MCX Crude Oil remains range-bound; Natural Gas can bounce back to Rs 255")
MCX Gold likely to re-test Rs 58,000; Silver may drop to Rs 63,500
The MCX Gold futures are likely to find considerable support around Rs 56,235 level; the bias may turn cautious only on sustained trade below the same.
 "MCX Gold likely to re-test Rs 58,000; Silver may drop to Rs 63,500")
F&O Call: Nandish Shah suggests Bull Spread strategy on HCL Tech
The derivatives analyst from HDFC Securities suggests to BUY 1,150 Call for February 23 expiry of HCL Technologies, and simultaneously SELL 1,200 Call of the same series
 "F&O Call: Nandish Shah suggests Bull Spread strategy on HCL Tech")
F&O Check: Shorts rise at Adani counters; AEL may hit Rs 2,600 level
Adani Enterprises, Adani Ports, ACC and Ambuja Cements witnessed significant build-up of OI in tandem with a fall in stock price so far this week, indicating build-up of shorts at these counters.
 "F&O Check: Shorts rise at Adani counters; AEL may hit Rs 2,600 level")
F&O Call: Nandish Shah recommends Bull Spread strategy on IOC
The derivative analyst from HDFC Securities recommends to Buy IOC 83 Call and simultaneously SEll 85 Call of the January expiry.
 "F&O Call: Nandish Shah recommends Bull Spread strategy on IOC")
Gold may take a breather around Rs 56,850; Trading range narrows for Silver
The overall bias for Gold remains bullish, with near support seen at Rs 55,900 level. The Bollinger Bands indicate a likely trading range of Rs 2,000-odd points for the MCX Silver March futures.
F&O Call: Nandish Shah recommends Bull Spread strategy on UltraTech Cement
The derivative analyst from HDFC Securities suggests to BUY 7,200 Call for January 25 expiry of UltraTech Cement, and simultaneously SELL 7,400 Call of the same series.
