Page 8 - Trading Strategies
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.
 "Nandish Shah recommends this F&O strategy in Bank Nifty for 22-Dec expiry")
Post impressive Q2 results: SBI, Coal India look set for up to 21% rally
Coal India, SBI and Adani Enterprises continue to trade with a robust bullishness, while TVS Motor and Bajaj Finance seem to be struggling to hold their ground, technical charts show.
 "Post impressive Q2 results: SBI, Coal India look set for up to 21% rally")
RBI Policy: Time to be selective in rate sensitives; keep DLF, SBI on radar
As per the charts, SBI and DLF need to conquer the near resistances at Rs 620 and Rs 420, respectively, for fresh gains to emerge.
 "RBI Policy: Time to be selective in rate sensitives; keep DLF, SBI on radar")
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")
Vinay Rajani recommends Buy on Avadh Sugar, Shree Digvijay Cement
On the broader market outlook, the technical & derivative analyst from HDFC Securities expects the Nifty to face resistance at 18,730, and seek support at 18,442.
 "Vinay Rajani recommends Buy on Avadh Sugar, Shree Digvijay Cement")
Mehul Kothari expects NLC India, DLF to gain in the near term; check why
According to the technical analyst from Anand Rathi, NLC India can rally to Rs 100, while DLF can jump to Rs 435.
Gold needs to conquer Rs 53,600 hurdle; Silver likely to target Rs 71,350
Bias for Silver futures likely to remain bullish, with near support seen at Rs 63,600 followed by Rs 62,500 level.
 "Gold needs to conquer Rs 53,600 hurdle; Silver likely to target Rs 71,350")
Will one-licence regime revive trend in insurance stocks? Chart check here
Among individual stocks, even as SBI Life trades record high the stock has been unable to enter unchartered territory. The proposed changes to the sector may help revive sentiment going forward.
 "Will one-licence regime revive trend in insurance stocks? Chart check here")
Mehul Kothari recommends to buy Astral, Voltas
The technical analyst from Anand Rathi recommends to keep a stop on Astral at Rs 1,860 and Voltas at Rs 815.
 "Mehul Kothari recommends to buy Astral, Voltas")
F&O Strategy: Here's why Nandish Shah recommends Bull spread on M&M Finance
The derivative analyst from HDFC Securities recommends to Buy M&M Finance 220 Call and simultaneously Sell 230 Call of the 29-December expiry.
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")
Vinay Rajani expects Nifty to remain bullish, sees 18,735 as next hurdle
Among individual stocks, the technical & derivative analyst from HDFC Securities recommends to buy Triveni Engineering and GMM Pfaudler.
Nifty IT in pullback mode: Infosys, HCL Tech, KPIT can rally up to 15%
The Nifty IT index has recovered smartly from its September lows, and if the current momentum sustains select IT stocks could witness a medium-term bullish trend.
 "Nifty IT in pullback mode: Infosys, HCL Tech, KPIT can rally up to 15%")
Here's why Mehul Kothari recommends to Buy Kothari Sugars, IEX
The technical analyst from Anand Rathi expects Kothari Sugars to rally to Rs 46.50, while Indian Energy Exchange can surge to Rs 160.
 "Here's why Mehul Kothari recommends to Buy Kothari Sugars, IEX")
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")
Mehul Kothari recommends to buy Bajaj Finance, Redington; Check Why
The technical analyst from Anand Rathi has reiterated the Buy call on Redington (India) with a higher price target of Rs 210; Also, expects Bajaj Finance to rally to Rs 7,060.
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")
Sensex up 92 points, Nifty holds 18,250; Financials soar, Adani Ent dips 3%
CLOSING BELL: SBI, Bajaj Finance gain, while Adani Enterprises slips in trade on Wednesday. Debutant Inox Green Energy ends at 9 per cent discount to its issue price.
 "Sensex up 92 points, Nifty holds 18,250; Financials soar, Adani Ent dips 3%")
Is the bottom near for Nykaa shares? Here's what charts say
Shares of Nykaa have managed to hold ground above its all-time low despite multiple bouts of selling pressure from pre-IPO investors, thus raising hope for the bulls at the counter
 "Is the bottom near for Nykaa shares? Here's what charts say")
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")
