Currently Bank Nifty is in a broad rising channel with supports at 36200 and 35800 where as resistance is at 38350.One can use these zones to initiate swing trades

One can also use this range to sell strangles or create risk defined credit spreads in options.We have taken condors in September and strangles in October

FOMC: Maintains $80 Billion Treasury Buying, $40 Billion MBS Buying Per Month

FOMC: Economy Has Made Progress Toward Bond Taper Goals

FOMC: Fed Bond Taper 'May Soon Be Warranted'

FOMC: Inflation Elevated On Transitory Factors

Fed Leaves Discount Rate Unchangedat 0.25%

FOMC: Voted 11-0 For Fed Funds Rate Action

Federal Reserve Keeps Fed Funds Range Unchanged at 0.00% to 0.25%

Royal Orchid looks good for medium term on ascending breakout with huge volume.Support 93-86

Stocks with highest OI build-up on daily,2.30 pm,3 pm and 3.15 pm range wise in both LB(long buildup) and SB(short buildup)
#FnO data

ATM and near OTM intraday OI data shows call writers upper hand over put writers after first hour of trade,aggressive writing in 18000ce.PCR kept sliding throughout the day.Expiry is 3 days away for the month.Positions getting built up
#FnO data

Aggressive call writing with falling PCR yesterday. Result seen today. Data playing out

Electricity Amendment Bill 2021 says:
👉High voltage sign Delicensing of state monopoly- open to competition
👉High voltage sign Consumers can choose discoms (like telcos)
👉High voltage sign Smart meters to plug leakages
👉High voltage sign Easy resolution of disputes
👉High voltage sign Right to 24x7 electricity
👉High voltage sign Rewarding consumers shifting to solar

It can be game changer for power sector.Our top picks for accumulation range Tata Power 135-95,Adani Power 95-71.Secondary picks Torrent Power 431-375 only on dips as co has limited presence

Lagta hai FII ne humara post dekh lia
🤔What a blast even when Nifty -120 Bank Nifty -450

Tata Power our top pick has multiple triggers in place:
1)Renewable IPO/stake sale
2)Debt restructuring
3) Indonesia Coal mine Profit
4) CGPL merger
5) Listing of Waaree in India and ReNew Power to boost valuation
6) Amendment to Electricity Act

Power sector stocks booming today but our top picks will give multibagger returns in coming years.Don't miss to add on dips as suggested earlier❤️

Stocks with highest OI build-up on daily,2.30 pm,3 pm and 3.15 pm range wise in both LB(long buildup) and SB(short buildup)
#FnO data

#FnO stocks data till now

#FnO stocks data till now

#FnO stocks data till now