Midcap Mantra:- Today, Sensex and Nifty were seen trading in decline in the market. There was a decline in pharma shares. AstraZeneca, Biocon, IOL Chemicals, Marksons Pharma saw a decline of 2 to 3 percent. There was a sharp decline in NBFC shares. Paytm shares fell by more than 7 percent. At the same time, shares of Shriram Finance, PFC and REC saw a decline of more than 3 percent. On the other hand, buying was seen in energy shares today. Shares of MRPL, Chennai Petro, Oil India and HPCL saw a rise of 1 to 2.5 percent. Meanwhile, today in CNBC-Awaaz’s Midcap Mantra show, Osho Krishan of Angel One suggested some good stocks for trading in the moving market. He gave his opinion on the market today with .
Angel One’s Osho Krishan’s opinion on Nifty
Osho Krishan of Angel One said that today selling pressure is being seen from upper levels in the market. At present, a lot of put writing is being seen near 23500. The maximum pain of weekly expiry is seen near 23600. From here, upward movement of 80-90 points can be seen at spot levels. The downward support is very close, there is support of around 30 points. If anyone has a short position then book it near 23500.
At the same time, if a pull back is seen in Nifty till 23600 or 23620 at higher levels, then a sell approach should be adopted from there.
3 F&O calls of Axis Securities will make investors rich, cheap option of Dr Reddy’s will give huge profits
Angel One’s Osho Krishan’s opinion on Bank Nifty
On Bank Nifty, Osho Krishan said that Bank Nifty has seen a very strong sell off today. Sell off is being seen in major heavyweights of the banking sector. A scenario of strong breakdown seems to be developing in Bank Nifty. If we look at the previous historical low or swing low of the index, then Bank Nifty is seen trading below it today. This can be a worrying factor for Bank Nifty.
If Bank Nifty closes below 49500 then it can become a worrying factor for the index. Beyond this, we may see more pressure in Bank Nifty.
Angel One’s Osho Krishan Favorite Stocks
JSW Steel Future: Sell – Rs 897, Target – Rs 860, Stoploss – Rs 915
Max Health Future: Buy – Rs 1195, Target – Rs 1240/1250, Stoploss – Rs 1170
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