I bought SBI Feb futures at ₹1,512 and Bank Nifty Feb 11,000 Call at ₹50, respectively. Kindly let me know whether to hold or exit.

Muthu K

State Bank of India: The outlook turned negative for SBI, after it dipped below ₹1,625. Only a close above ₹2,250 will change the long-term outlook to positive. The bank finds immediate resistance at ₹1,575 and support at ₹1,465. It appears the stock is heading towards ₹1,375.

F&O pointers : SBI futures saw fresh accumulation of short positions. Options indicate negative bias, as calls added indicate open interest.

Strategy : Exit.

Bank Nifty: The outlook is negative for Bank Nifty. It finds immediate resistance at 10,375 and next at 10,625. Immediate support appears to be at 9,615 and it seems that the Bank Nifty is heading towards this level.

F&O pointers : Bank Nifty futures witnessed build-up of fresh short positions. Options present a negative bias.

Strategy: Exit your position.

I bought one lot of L&T 1020 Call at ₹21.35, two lots of SBI 1,600 call at ₹31.85 and Bank Nifty 10,700 Call at ₹118.6. Kindly advise.

G Ganesa Thangadurai

Larsen & Toubro : The stock is ruling at a crucial level. It finds immediate support at ₹970 and a close below this will trigger a fresh sell-off. In that event, L&T could touch ₹787. Immediate resistance is at ₹1,009.

F&O pointers: Futures trading indicates a neutral view, as most of the positions have been squared intraday. Options trading indicates that ₹1,000 is a crucial level.

Strategy: Hold your position with a stop-loss at ₹11.

Exit from SBI and Bank Nifty positions.

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