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Sensex: 33322.3 -20.50 Gold: Rs.29654.00
Nifty: 10273.9 -9.70 Silver: Rs.39847.00
Derivatives outlook and recommendations for 2 Nov 17 - IndiaNotes.com
Derivatives outlook and recommendations for 2 Nov 17
Way2wealth | Published: 02 Nov, 2017  | Source : IndiaNotes.com

Nifty  opened  with  a  gap  of  almost  0.50%  in  yesterday’s  session  and  thereafter  continued  to  inch  upwards  on  back  of  strong  buying  in  banking,  realty,  capital  goods,  nbfc  and  telecom  sector.  After  struggling  for  almost  2  months  banknifty  finally  breached  it  previous  high and closed around 25500 levels with gains of 1.90%.

After  yesterday's  stupendous  rally,  today  domestic  markets  are  expected to open on flat note and thereafter will continue to trade in   fresh  longs.  However,  on  higher  side  nifty  will  see  stiff  resistance  around 10500 level and profit booking can be seen from those levels.

 


Recommendation

 

Script                Action        Initiation        Target       SL

LICHSGFIN          BUY         Around 597        614         588

GODFRYPHLP     BUY         Around 1030     1080       1008

  Read full report Click here to read the full report


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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.