There is deep pressure in the market on the monthly expiry of February series, know which stocks Rajesh Palviya of Axis Securities bet on

There is deep pressure in the market on the monthly expiry of February series. Nifty, however, has corrected around 200 points from lower levels. Nifty has managed to exit above 16500. Bank Nifty is also showing recovery. So, we will try to understand through the options data which range the writers are looking for this today’s monthly expiry. Our expert today is Rajesh Palviya of Axis Securities. Rajesh also offered cheap option with his strong trades.

FRESH shorts appeared in these stocks today in the futures market

INDUS TOWER, AMARAJA, RAIN and INDIGO

LONG UNWINDING appeared in these stocks today in the futures market

IBUL HSG, VODAFONE, AU BANK and ATUL

FRESH LONG was seen forming in these stocks today in the futures market

At what levels are the writers active in Bank Nifty and Nifty?

In Nifty today at 12 noon, most of the call writers were active at the levels of 18200, 18300 and 18500.

In Nifty today at 12 noon, most of the put writers were active at the levels of 18200, 18100 and 18000.

In Bank Nifty today at 12 noon, most of the call writers were active at the levels of 38000, 38200 and 38500.

Even in the midst of the Russia-Ukraine crisis, 2 players gave more than 4% return on the third day in the earnings game of the stock market, which stocks are watching today

In Bank Nifty today at 12 noon, the most active put writers were at the levels of 38000, 37900 and 37500.

Market opinion of Rajesh Palviya of Axis Securities

Giving opinion on the market, Rajesh Palviya of Axis Securities said that today the market has seen a strong decline due to the ongoing war between Russia and Ukraine. Although this war was predicted in advance. So we can see the markets settling to some extent at lower levels. Now the market can be seen trying to digest this situation. But it is also necessary to estimate the side effects of this war. He said that due to the slowdown in the global market, there may be further correction or decline in the Indian markets.

Giving his opinion on Nifty and Bank Nifty, Rajesh said that considering the way it has declined and both these indices have broken their support level, we feel that even today it is seen closing below its 200 DMA. can.

As long as Nifty trades below 16800 and Bank Nifty trades below 36500, then even after pull back, there will be a sell or fall. Apart from this, there has been a correction in the stocks in the market and further decline is possible.

Insiders of Nykaa sold shares worth $19 million amid a sell-off in stocks

Stocks earning by Rajesh Palviya of Axis Securities

Ambuja Cement March Fut : Sell – Rs 307, Stop Loss – Rs 312, Target – Rs 295 to Rs 290

Lupine March Fut : Sell – Rs 723, Stop Loss – Rs 735, Target – Rs 700

Recommended cheap earning option by Rajesh Palviya : Divis Lab

Rajesh said that he has chosen pharma stock as a cheap option earning today. He said buy Divi’s Lab’s March Series Put with strike of 4000 at Rs 136 level. A target of Rs 160 can be seen in this, however, put a stop loss at Rs 120 in it.

(Disclaimer: The views and investment advice given on moneycontrol.com are the personal views and opinions of investment experts. Moneycontrol advises users to consult a certified expert before making any investment decision.)



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