Hot Stocks | Dabur, Nippon Life, Godrej Agrovet can give up to 9% return in short-term

Feb 12, 12:30 AM
After a stunner rally seen in the week gone by, the Indian market witnessed see-saw moves and seen trading in a broader range of 12,000 to 12,200 from the last three trading sessions, tracking mixed cues from the domestic and global front.

On the derivative front, put writing was observed at 12,100 strike along with marginal call writing, while 12,200 strike holds maximum open interest build-up in calls.

On the technical front, the secondary oscillators suggest further consolidation for Nifty within a range of 12,050 to 12,250, while Bank Nifty is likely to trade in the range of 31,000 to 31,500.

However, bias is likely to remain bullish and any dip into prices should be used to create fresh longs.