Hot Stocks | Navin Fluorine, Shriram Transport, IPCA Laboratories can give 10-15% return in short term
Episode 2995, Oct 28, 2020, 12:30 AM
The Indian market witnessed highly volatile moves on October 27 with Nifty seen trading in the broader range of 11,700-11,950.
Volatility is likely to grip the market in the coming sessions as well as we are approach the October F&O series expiry.
On the derivative front, the 12,000 call strike still holds maximum open interest which should act as strong resistance for Nifty.
On the downside, 11,700 would be immediate strong support. A decisive move beyond this range on any side will set the further direction for Nifty.
Bias is likely to remain in favour of bulls. On the technical front, Bank Nifty is looking much stronger than Nifty and we can expect it to test 25,000 to 25,250 levels in the coming sessions.