WHAT CAUGHT OUR EYE AT 9 AM:  Consolidation day likely. Nifty's hurdles seen at 11,201 mark

9 AM UPDATE:

DOW FUTURES (+67, 25840)

NASDAQ FUTURES (+26, 7582)

SGX NIFTY (+5, 11115)

NIKKEI (+31, 20487)

HANG SENG (-26, 25638)

SHANGHAI (-12, 2891)

The key themes of the day

There are renewed signals from the U.S bond markets that a recession could be

coming.

STOCKS TO WATCH:

• BULLISH STOCKS: VOLTAS, RELIANCE INDUSTRIES, BAJAJ FINANCE, IGL, TCS, SBIN, ICICIBANK, AXISBANK, TCS.

.

• BEARISH STOCKS: SUNPHARMA, JSWSTEEL, VEDL, HEROMOTOCO.

All about stocks (F&O Trades):

• BERGER PAINTS (CMP 368): Buy between 363-365 zone. Targets 375/389. Stop 361.

• APOLLO HOSPITALS(CMP 1475): Buy between 1453-1465 zone. Targets 1511/1541-1551. Stop 1421.

• RELIANCE INDUSTRIES (CMP 1275): Buy between 1255-1263 zone. Targets 1311/1351-1365. Stop 1221.

All about stocks (Medium Term Sell Trades):

• IGL (CMP 330): Buy at CMP. Targets 333/337/351. Stop 317.

• TCS (CMP 2237): Buy at CMP. Targets 2293/2351. Stop 2189.

• VOLTAS (CMP 618): Buy at CMP. Targets 625/663. Stop 599.

SHOW ME THE MONEY:

• Option Trade: BUY NIFTY 29th AUGUST CE Strike Price 11200 at CMP 25.15. Profit: Unlimited. Maximum Loss: Rs. 1,886.25/-. Stop: Exit Call option if Nifty moves below 10899. (Nifty August Futures CMP 11054.20).

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

Volatile and choppy session likely.

Preferred trade on Nifty (11105):Sell on excessive strength between 11145-11201zone. Targets at 10981/ 10875. Stop 11351.

Preferred trade on Bank Nifty (28126):Buy at CMP. Targets at 28517/29755. Stop 27201.

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