Keep Focus kn ANGELONE… Likely to see 3520 soon now

PL DERIVATIVES: Sasta option given on media now:

BUY CDSL 1980CE @40/42, TGT 57/70/80, SL 25

Photo from PL DERIVATIVE DESK

PL DERIVATIVES: ANGELONE 3500CE sl hit

PL DERIVATIVES: SELL SUPREMEIND FUT @4805, TGT 4730/4650/4500, SL 4880

Or BUY SUPREMEIND 4800PE @128/130, SL as per FUT

PL DERIVATIVES: Sasta option given on media now :

BUY TATACHEM 1080PE @19/20, TGT 27/35/40, SL 12

PL DERIVATIVES: BUY CGPOWER 760PE @16/17, TGT 25/28, SL 8

PL DERIVATIVES: SUPREMEIND FUT sell from 4809, now 4755…. Super returns already…

TATACHEM 1080PE from 19, now 26… almost TGT done

PL DERIVATIVES: MAXHEALTH 1200CE from 17, now 25+…. Super gains… almost TGT

PL DERIVATIVES: BUY PRESTIGE 1900CE @22/25, TGT 37/45/60, Sl 10

Prestige is also a new entrant, but option chain shows a strong move towards 1860/1900/1940+ can happen anytime now… keep on radar

PL DERIVATIVES: BUY INDIANB 600CE @10/11, TGT 17/21, SL 5

PL DERIVATIVES: BUY KALYANKJIL 790CE @9.5/10, TGT 16/19/22, SL 6

PL DERIVATIVES: BUY KALYANKJIL 790CE @9.5/10, TGT 16/19/22, SL 6

KALYANKJIL also a breakout here, support 750/745 zones, look for 820+ tgt now

Photo from PL DERIVATIVE DESK

PL DERIVATIVES: BUY MCX 7000CE @69/73, TGT 110+, Sl 40

PL DERIVATIVES: MCX 7000CE from 70, now 89.55… super quick gains already… book or trail

PL DERIVATIVES: FIIs net longs again below 40%, which is again indecisive, hence a caution to be adapated. Sentiment for the session likely to be rangebound to mildly positive.

NIFTY option chain reflects on aggressive PE writing fresh seen at 24000/24200 strikes - 0.89 lakh and 0.72 lakh contracts respectively. PE OI unwinding seen at various strikes as well, with CE writers standing solid tall at 24700 strike on immediate basis. PCR_OI at 24600 is just above 1, which if doesnt improve or subsides then again a move towards 24200 can happen.

BANKNIFTY still playing everything at large as option chain scattered all over the place. The range still in between 52000PE and 55000CE, hence no decisive trade yet.

ACTIONABLE IDEAS:

NIFTY: Buy on declines till 24650/24600 zones, TGT 24750/24830, SL 24550.

BANKNIFTY again buy on declines till 53200/53000 zones, TGT 54800/54000/54200 zones, SL 52850

17122024Derivative - Daily Newsletter.pdf