| Market out look dated 1st Feb 2018
After sharp correction in market smart recovery seen at lower level which is led by Bank Nifty and broad based buying seen in over all due to short covering. However, HDFC Ltd and HDFC Bank already able to maintained Index. As today a Budget day so time to wait and watch and fresh trade only after budget proposal by theGovt. Budget will lead direction in market.
Nifty : Support at lower 10900 10800 and resistance 11200, crossover 11500
Bank Nifty : Decent support 27200-27000, crossover 27600 up side target 28000-28200-28500
Highest Call 11500, 12000 and 11400 strike price
Highest Put : 10500, 11000 and 10700
Bank Nifty : 1st Feb expiry
Highest Call 28000 and 28500
Highest Put : 27000 and 26500
Have a good day
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