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Intraday Outlook: Buy Bank Nifty in the range of 43250-43300

Nifty F&O View:

On the weekly expiry day, Nifty expected to trade with positive bias as for the fourth consecutive session long accumulation was seen. In case of any correction 18700 Put strike which witnessed substantial OI addition would act as immediate support.

Sell Nifty 18600 Put option (December 8 expiry) in the range of Rs 59-61 Target: Rs 35 Stop loss: Rs 75

Bank Nifty F&O View:

As Bank Nifty has managed to sustain above 43000 levels we expect positive bias to continue on the weekly expiry day. Buying in Axis Bank, Kotak Mahindra Bank among other is likely to keep downside limited. Even on the options front, substantial Put writing was seen in ATM strike which further strengths positive bias.

Buy Bank Nifty future in the range of 43250-43300 Target: 43500-43600 Stop loss: 43150