The market kick started october F&O series in the green regions.Nifty and sensex both open in green note,Nifty option crash 90% in loopy trade, Nifty high 23.30 points or 5905.55 while the sensex is up 52.56 points or 19946.47.And the rupee started below at 61.89 per dollar up 18 paise from the previous session.
Asian market opened on a cautious note in morning. Asian market were trading after US jobless claims figure pointed to a improving labor market. Japan nikkei was trading 0.12% low at 14784.80 and heng seng was trading 0.10% high at 23149.12.
Investors are placing fresh bets on capital good and metal and cement sectors gain on expectations of infrastructure spending hopes.We can seen significant addition to open interest in these sectors.
In October series we can expect to seen the nifty trade between 5700 to 6000 levels.The nifty resistance is seen 6000 to 6130 while on the downside support is seen at 5650 or 5700 levels.
Free intraday calls-
Sun Pharma Ltd is a ‘BUY’ call with a target 595/600 and a stop loss 570.
BHEL is a ‘BUY’ call with a target 152/154 and a stop loss 146.
Dr Reddy’s Laboratories Ltd is a ‘BUY’ call with a target 2500/2525 and a stop loss 2424.