Prep for 14 - 18 Jun 2021

Here is the plan for next week.

i) Indices - Further to previous post, Nifty is continuing its bullish momentum. Metals took a breather for sometime and is looking for a pick up in action. But Banks are still lagging and spoiling the party. Weeklies for NF and BNF as below. 

Bank Nifty spot revisited the key 35000 and got stuck around it. In case it gives up and sells off, 32200 is the target which can be achieved fairly quickly (4-5 weeks) than the case where it snails up to 36500. 
 

ii) Stocks - Sitting on Adaniports bullish put spread and booked Coal India long call spreads. Also long calls on Cipla and HCLTech. 

Other long candidates are metal companies (specifically Hindalco), Escorts above 1235, Drreddy above 5500