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Intraday Outlook: Buy Bank Nifty in the range of 43150-43200

Nifty F&O View:

We believe the Nifty may witness pressure at higher levels considering aggressive writing at 18800 and 19000 Call strikes for the weekly settlement. However, on the downside, support is placed between 18450 and 18500

Sell Nifty 18800 Call option (December 8 expiry) in the range of Rs 52-54 Target: Rs 27 Stop loss: Rs 68

Bank Nifty F&O View:

The Bank Nifty is likely to continue its consolidation around 43000 levels. On the options front, ATM 43000 Call and Put hold significant open interest suggesting the same. We expect PSU banks to outperform the private banks

Buy Bank Nifty future in the range of 43150-43200 Target: 43350-43450 Stop loss: 43050