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RIDDHI SIDDHI SHARE BROKERS WHAT CAUGHT OUR EYE AT 9 AM: A positive start on cards.

RIDDHI SIDDHI SHARE BROKERS 9 AM UPDATE:

DOW FUTURES, (+1, 27531)

NASDAQ FUTURES (-3, 9881)

SGX NIFTY (+53, 10216)

NIKKEI (-153, 23025)

HANG SENG (+275, 25034,)

SHANGHAI (+10, 2946)

The key themes of the day

Our call of the day suggests that the positive baton from yesterday’s trade will most likely pass on to today’s trade but we suspect — the tussle between bulls and bears is likely to heat-up.

RIDDHI SIDDHI SHARE BROKERS STOCKS TO WATCH:

• RIDDHI SIDDHI SHARE BROKERS BULLISH STOCKS: BHARTI AIRTEL, RELIANCE (RIL), MCDOWELL, MANAPPURAM.

• RIDDHI SIDDHI SHARE BROKERS BEARISH STOCKS: VOLTAS, DIVIS LAB, TATA STEEL.

Riddhi Siddhi Share Brokers All about stocks (F&O Trades):

• ADANI ENTREPRISES (CMP 152.65): Buy at CMP. Targets 159/175. Stop 145.

• L&T FINANCIAL (CMP 63.15): Buy at CMP. Targets 69/72.50. Stop 57.75s.

• VOLTAS (CMP 561): Sell between 341-343 zone. Targets 311/289. Stop 361.

Riddhi Siddhi Share Brokers All about stocks

• GRANULES (181.50): Buy at CMP. Targets 200/235/275. Stop 151.

SHOW ME THE MONEY:

Option Trade: BUY NIFTY 18th JUNE CE Strike Price 10400 at CMP 98.30. Profit: Unlimited. Maximum Loss: Rs. 7,372.50/-. Stop: Exit Call Option if Nifty moves below 10061. (Nifty June Futures CMP 10165.35)

Bulls Vs. Bears: Time to Pick a Side!!

Technically, Nifty’s biggest hurdles to watch are at 10551-10601 zone. Major disappointment for the bulls only if we are unable to move above these levels on closing basis. Downside on Nifty from here on should be limited at 9931.

• As per Riddhi Siddhi Share Brokers Preferred trade on Nifty (10167): Buy between 10050-10100 zone. Targets at 10311/10601. Stop 9911.

• As per Riddhi Siddhi Share Brokers Preferred trade on Bank Nifty (21035): Buy on dips between 20251-20501 zone. Targets at 22445/24367/25551. Stop 18991.