ICICI Securities recommends selling the 3rd August Nifty 19650 call between 95-100 and setting a stop loss of 5 with a target price of 50; the same condition is advised for selling the 3rd August 19650 call. The Nifty is expected to remain at 19500-19800 levels in the near future. According to the India VIX, volatility is at a low of 10.20 and may remain so. Long positions must have a stop loss near the 19500 levels.
Concurrent Gainers: ICICI Bank among 9 stocks that gained for 5 days in a row
In the five trading sessions leading up to September 20, the Sensex rose approximately 2%, closing at 84,544, with gains noted in four sessions. In