Hot Stocks | Here's why you can bet on HUL, HCL Tech and Datamatics Global Services for short term
Episode 3297, Mar 17, 2021, 12:30 AM
Volatility gripped the Indian market once again as Nifty swung in the range of 14,900 to 15,050 as the tug of war among Option writers at 15,000 strike kept the market in consolidation mode.
On the derivative front, Call writers were seen adding hefty open interest at 15,000, 15,100 and 15,200 strikes which point towards limited upside in the index as of now.
On the technical front, the zone of 14,700-14,600 is a strong support area for Nifty.
The secondary oscillators suggest that the market is likely to face volatile moves in the upcoming sessions with some consolidation within a broader range of 14,700-15,200.
Stock-specific action is expected to be on the radar with bias likely to remain in favour of the bulls as long as Nifty holds above 14,600 level.