The affordable option from India Cements will provide strong profits, while Axis Securities' 3 F&O calls are expected to make investors wealthy.
The market is seeing weakness for the second consecutive day, with Nifty slipping below 19,500. Pharma and FMCG shares are facing more selling pressure. Midcaps have also lost all their gains. Following praise for the Prime Minister in Parliament, government companies witnessed significant gains. The PSU Bank Index has risen by 2 percent. Notable gains of 5 to 10 percent were seen in IOB, Central Bank, Maharashtra Bank, and UCO Bank. LIC also saw an increase of up to 3 percent. Meanwhile, Rajesh Palviya of Axis Securities highlighted strong F&O calls on our partner channel CNBC-Awaaz's Future Express. Let's learn about his powerful calls.
Nifty 50 Update: NIFTY and BANK NIFTY within writers' ranges
During midday today, the most active call writers were seen at levels 19,500, 19,600, and 19,700 for NIFTY. Meanwhile, in NIFTY, the most active put writers were present at levels 19,500, 19,400, and 19,300. Turning to BANK NIFTY, the most active call writers were at levels 44,400, 44,500, and 44,600. Conversely, in NIFTY BANK, the most active put writers were noticed at levels 44,400, 44,300, and 44,200.
Rajesh Palviya's Excellent F&O Calls from Axis Securities
BHEL Future: Buy - ₹102, Target - ₹110, Stop-loss - ₹99.5
JSPL Future: Buy - ₹685, Target - ₹715, Stop-loss - ₹675
Bharat Forge Future: Buy - ₹971, Target - ₹1005, Stop-loss - ₹955
Today's Affordable Option: India Cements
For today's affordable option, Rajesh Palviya of Axis Securities suggests that he has placed a bet on India Cements. He recommends buying the August expiry call with a strike price of 250. He advises buying at levels around ₹11.25 and potentially targeting ₹18 to ₹20. He also suggests placing a stop-loss at around ₹7.5.
(Disclaimer: The thoughts and investment advice provided on the personal opinions and views of investment experts. We advises users to seek advice from certified experts before making any investment decisions.)