On the day of monthly expiry, pressure was seen in Nifty from upper levels. Nifty slipped more than 100 points from the day’s peak and came near 24700. Bank Nifty also fell by more than 700 points from upper levels. Midcap and smallcap looked more weak today. The fear index INDIA VIX ran up 8%. Overall, the market closed flat on December series expiry. Sensex closed without change at 78 thousand 472. Nifty rose 23 points and closed at 23 thousand 750. However, midcap and smallcap indices recovered from the bottom and closed below. At the same time, before the market closes, leading experts advised to bet in the shares of Sun Pharma, JSPL, Oberoi Realty and CEAT to earn short term. Know who gave how much target price-
Manas Jaiswal of manasjaiswal.com Cheapest option: Sun Pharma
Manas Jaiswal of manasjaiswal.com said that there will be earnings on buying calls with January expiry in Sun Pharma stock. He said that its call with strike of 1840 should be bought around Rs 46.55. In this, targets of up to Rs 65 will be seen in a few days. However, he also said that stoploss should be set at the level of Rs 34.
Tradebulls’ Sachchitanand Uttekar’s F&O superstar shares: JSPL Future
Sachchitanand Uttekar of Tradebulls advised to buy JSPL stock from F&O segment before market close. He said that a target of Rs 975/980 can be seen in this stock. He said that buying should be done at the level of Rs 938 with stop loss at the level of Rs 930.
Technical View: There is no possibility of upward trend till Nifty closes above 23,850.
Trader & Market Expert Amit Seth’s Chart Miracle Share: Oberoi Realty
Trader & Market Expert Amit Seth bets on Oberoi Realty as the stock that will perform chart miracles for today. He said that one can buy it at the level of Rs 2302. Put stoploss in it at the level of Rs 2270. This stock can go up to the level of Rs 2360.
Anand Rathi’s Narendra Solanki’s Midcap Funda Stock: CEAT
Narendra Solanki of Anand Rathi, calling it a midcap funda stock, said that today CEAT stock should be bought at the level of Rs 3121. He said that it can see good upside target in medium to long term.
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