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Intraday Outlook: Buy Bank Nifty in the range of 42900-43000

Nifty F&O View:

For the day, Nifty is likely to trade with positive bias as fresh long build up was seen in the previous trading session. In case, there is any correction 18300 would act as immediate support zone as 18300 Put strike holds substantial OI.

Sell Nifty 18450 Put option (December 1 expiry) in the range of Rs 50-52 Target: Rs 25 Stop loss: Rs 66

Bank Nifty F&O View:

The Bank Nifty is likely to consolidate around current level as both 43000 Call and Put strike witnessed sizeable OI addition. However, our bias continue to remains positive and dip towards 42900 should be used to create long positions.

Buy Bank Nifty future in the range of 42900-43000 Target: 43300-43400 Stop loss: 42850