NIFTY exhausting its opening gap ahead of derivatives expiry.
NIFTY opened gap up and exhausting its opening gains on Wednesday ahead of derivative expiry for February series on Thursday. PSU banking stocks recovered on Wednesday after recent developments in the multi-billion rupees Punjab National Bank fraud and Rotomac fraud cases.
In the global front, Asian markets trading higher mirroring overnight U.S. markets which finished higher on Tuesday. The Global equities are back on track after some major markets opened after long holidays.
Aggressive traders can pick the below stocks to trade in intraday.
TATASTEEL: This stock is underperforming price wise in the same time turnover is good. This stock can be sold for Intraday below Rs.642 with the stop loss of Rs.648.50.
HCLTECH: This stock is performing well in the turnover wise and price wise. This stock can be bought for Intraday above Rs.927 with the stop loss of Rs.917.