Weekly Report-Sensex Nifty Higher, Stocks Future Calls, Intraday Tips Tomorrow

Weekly Report:- The Market extended gained for second consecutive session on Friday. Yesterday Nifty closing above 8200-mark for the first time since August 21. The 30-share BSE Sensex climbed 204.46 points or 0.76% at 27214.60 and The NSE Nifty rallied 58.65 points or 0.72% at 8238.15. 

On The F&O Front:- Weekly data shows in the past trading sessions, we have seen strong Put writing in 8300/8200/8100 strikes & major Call build up at 8500/8400/8300 strike indicating a positive bias for market, in the near term. 

On Technical Front:- On Nifty weekly chart strong resistance is seen at 8275. If it breaks with high volume, more bullishness is expected. 

Nifty Directional:- Buy Nifty Future above 8280 Target 8330, 8380 Stop Loss 8180. 

Time Frame:– 1 Week 

Stock Market Weekly Future Trading Calls:-

BUY SBIN future above 258 targets 262, 266, 270 Stop loss 250 

BUY ICICI Bank future above 293.5 targets 297.5, 301.5, 305.5 Stop loss 285.5 BUY Crompgreav future above 193 targets 195,197,199 Stop loss 189 

BUY TVS motors future above 248 targets 252, 256, 260 Stop loss 240

Posted in: Indian Market Tips