Hot Stocks | HUL, ACC, Dabur India three buy recommendations for the short term
Episode 2662, Jul 01, 2020, 12:30 AM
After the expiry of the June series last week, Indian markets kickstarted new week on a muted note and seen trading in a rangebound manner.
On the technical front, Nifty was seen consolidating in the range of 10,200 to 10,400 with prices holding well above its 200-days exponential moving average on weekly charts.
On the derivatives front, call writers were seen adding hefty open interest at 10,400 and 10,500 call strike.
The data suggests that in the coming sessions, we might witness further consolidation in the index with stock-specific action.
However, the bias is likely to remain bullish and anytime a decisive move above 10,400 in Nifty could add further buying momentum which could lead a move towards 10,600 levels as well.