Page 2 - F&o Strategies
Near support for MCX Crude Oil seen at Rs 6,030; Natural Gas to test Rs 285
In case, the MCX Crude Oil futures fail to hold the support, the commodity could revisit its December lows of Rs 5,850 level.
 "Near support for MCX Crude Oil seen at Rs 6,030; Natural Gas to test Rs 285")
Gold to remain bullish above Rs 55,100; Silver may remain volatile
On the upside, Gold futures can rally to Rs 56,580 during the course of the month.
 "Gold to remain bullish above Rs 55,100; Silver may remain volatile")
F&O Call: Nandish Shah recommends to long Glenmark Pharma futures
The derivative analyst from HDFC Securities expects Glenmark Pharma January futues to test Rs 450 on the upside.
 "F&O Call: Nandish Shah recommends to long Glenmark Pharma futures")
Crude Oil may weaken below Rs 6,340; key support for Natural Gas at Rs 333
On the downside, MCX Crude Oil January futures could slide to Rs 5,940 or even re-test the recent lows at Rs 5,850-level; Natural Gas seems on course to test Rs 290 level.
 "Crude Oil may weaken below Rs 6,340; key support for Natural Gas at Rs 333")
Gold may enter short-term corrective phase, test Rs 52,000-level
On the upside, Gold futures need to break and sustain above Rs 55,230 in order to negate the likely corrective move. Meanwhile, Silver futures seem on course to test Rs 72,000.
 "Gold may enter short-term corrective phase, test Rs 52,000-level")
F&O Call: Nandish Shah recommends Bull Spread strategy on Bharat Forge
The derivative analyst from HDFC Securities recommends to Buy Bharat Forge 880 Call and simultaneously Sell 900 Call for the January expiry.
 "F&O Call: Nandish Shah recommends Bull Spread strategy on Bharat Forge")
Immediate hurdle for Crude Oil seen at Rs 6,725; Natural Gas to test Rs 380
On the downside, key support for MCX Crude Oil stands at Rs 6,350, below which a steeper fall to Rs 4,800 seems possible. Rs 413 - 418 is the resistance zone for Natural Gas on Wednesday.
 "Immediate hurdle for Crude Oil seen at Rs 6,725; Natural Gas to test Rs 380")
Nifty, Bank Nifty see higher rollover; Hero MotoCorp, HDFC Life find favour
However, the overall market wide position dipped below Rs 2.20 lakh crore for the first time in the last six months.
 "Nifty, Bank Nifty see higher rollover; Hero MotoCorp, HDFC Life find favour")
Trend to remain positive for Gold above Rs 54,040; Silver 66,940
On the upside, Gold futures are likely to counter some resistance around Rs 55,150, Silver around Rs 70,250.
Strong support for Nifty seen at 17,850; Buy the dips, suggests chart
The options data indicates that the Nifty may look to hold on the 18,000-mark till expiry, given the high OI at the 18,000 Put.
F&O Call: Nandish Shah recommends Bear Spread strategy on Federal Bank
The derivative analyst from HDFC Securities recommends to Buy Federal Bank 128 Put and simultaneously Sell 125 Put for the December expiry.
 "F&O Call: Nandish Shah recommends Bear Spread strategy on Federal Bank")
Pivot point for MCX Crude at Rs 6,300; Natural Gas Rs 441
On the downside, the MCX Crude Oil futures can re-test its recent low around Rs 5,850-level; whereas, the next support for beaten-down Natural Gas contract stands at Rs 401.
 "Pivot point for MCX Crude at Rs 6,300; Natural Gas Rs 441")
Tech check: Gold to see fresh rally only above Rs 54,400, Silver Rs 68,600
The overall bias for MCX Gold December futures is likely to remain bullish as long as the contract sustains above Rs 53,850, and Silver above Rs 65,950.
Gold futures likely to re-test Rs 55,550; Silver on course to Rs 71,350
The bias for the remainder of December is likely to remain bullish as long as Gold futures trade above Rs 53,850. Meanwhile, near support for Silver is seen at Rs 67,500 - Rs 67,350 levels.
Nandish Shah recommends this F&O strategy in Bank Nifty for 22-Dec expiry
The derivative analyst from HDFC Securities recommends to Buy Bank Nifty 43,500 Call and simultaneously Sell 44,000 Call for the weekly expiry ending on 22-December.
Here's why MCX Crude Oil can crack to Rs 4,800-level; Natural Gas Rs 280
The MCX Crude Oil and Natural Gas futures seem to be placed on a slippery ground on multiple time-frames, as per the charts.
 "Here's why MCX Crude Oil can crack to Rs 4,800-level; Natural Gas Rs 280")
Key support for MCX Crude Oil near Rs 6,200; Natural Gas may consolidate
The MCX Crude Oil December futures could test Rs 7,100-level on the upside as long as the commodity manages to sustain above the 100-WMA support.
 "Key support for MCX Crude Oil near Rs 6,200; Natural Gas may consolidate")
Support for MCX Gold seen at Rs 51,865; Silver may dip to Rs 59,000-level
The Rs 51,865-level is the 20-DMA for MCX Gold, below which the next major support is seen at Rs 51,050.
 "Support for MCX Gold seen at Rs 51,865; Silver may dip to Rs 59,000-level")
F&O Strategy: Nandish Shah recommends Bull Spread on Larsen & Toubro
The derivative analyst from HDFC Securities recommends to Buy L&T 2100 Call and simultaneously Sell 2160 Call of the 29-December expiry.
 "F&O Strategy: Nandish Shah recommends Bull Spread on Larsen & Toubro")
MCX Crude Oil futures likely to consolidate, Rs 6,200 seen as major support
On the upside, the MCX Crude Oil December futures can test Rs 7,200 to Rs 7,400 levels during the consolidation phase.
 "MCX Crude Oil futures likely to consolidate, Rs 6,200 seen as major support")
