From the options space, significant Call writing can be seen at ATM strikes with total open interest of more than 1 cr shares at both 17900 and 18000 Call strikes. For the first time during the series, we are witnessing higher Call writing than the Put bases. Hence one can expect some consolidation below 18000 during settlement and fresh up leg might be seen only if Nifty moves above these levels.
Stocks to buy: Swiggy, RVNL and TVS Motor on investors’ radar
Benchmark BSE Sensex dropped 72 points as IT shares retreated. Swiggy fell 1.2%, RVNL gained 0.8%, and TVS Motor declined 1.5%. Analyst Viral Chheda advises