F&O Strategy: Buy Balrampur Cini, V -Guard and IPCA Lab, today a weak stock market suggests rupak de – 1 April 2025

Stock market today: domestic benchmark indices, Nifty 50 And Sensex, experienced the significant sales pressure opened on Tuesday, the tariff for April 2 with both indices declined due to danger.

At 11:05 IST, the Nifty 50 index fell to 290.10 points, or 1.23 percent, reached 23,229.25, while Sensex was at 76,252.98, which shows a decrease of 1,161.94 points or a decrease of 1.50 percent.

Analysts stated that the announcement of tariff from Trump on 2 April is currently a major event. While markets have already taken into consideration possible effects, the initial reality may appear worse, followed by concessions and exclusion.

On the F&O segment, according to experts, the Nifty 50 spots closed at 23,519 this week, close to 23,350.40 last week. The put-coal ratio is reduced from 1.16 to 0.92 on a weekly basis. Open interest of Nifty 50 futures decreased by 22.61%. On the derivatives front, EXOERTS saw the banking index mainly due to the weeks of expiry weeks with the introduction of open interest in Nifty 50. For the upcoming weekly termination, fresh writing emerged in 23,600–23,700 call options, while a strong buildup remains on 23,500 put strikes.

Rupak de, Senior Technical Analyst, F&O Technical Views by LKP Securities on the market:

Nifty 50

The Nifty 50 saw volatility on the first day of the new series before finishing on a weak note. After reaching a high near the previous swing level of 23,800, the index is consolidating.

Looking forward, 23,400 can serve as immediate support. A breakdown below this level can be pushed towards 23,200, where major support is deployed. At the high end, the resistance is placed at 23,660, above which a decent upside is possible.

Open Interest Analysis: 24,500ce saw significant open interest additions, while in the put side, 23,500 saw a decent increase in open interest. The maximum call writing was seen on 24,000 strikes, while adequate put writing was clear on 23,500, indicating strong support at this level.

Strategy: Bhavna is likely to weaken below 23,500.

Business: Buy Nifty above 100 TGT 150 SL 74, 3 April 23,500PE.

Buy at balrampur cini mills limited 547.50; TGT 570; SL 535

Balrampur Chini Mills share price Suggesting an increase in optimism, a consolidated breakout on the daily time frame is given. At the high end, it can move towards 570, as the price increase above a significant moving average is supported, with RSI in a rapid crossover. Support at the lower end is placed at 535.

Buy V-Guard Industries Limited 355.60; TGT 380; Kr 345

A brief reform appears after a rapidly attached pattern, which suggests the uptrend to resume. moreover, V-Guard industry share price The important moving average has persisted. RSI is a fast crossover and getting up. Depending on the technical setup, a rally towards 380 looks possible, while the support is placed on 345, below which the current positivity may be wasteful.

Buy IPCA Laboratories Limited 1,502; TGT 1,610; Kr 1,439

IPCA LAB share price Suggesting an increase in optimism, a consolidated breakout on the daily time frame is given. In addition, the stock has gone above the critical moving average. At the high end, it can move towards 1610, supporting speed with rapid speed in RSI. The support at the lower end is placed at 1,439.

Disclaimer: The views and recommendations made above are of individual analysts or broking companies, not Mint. We recommend investors to investigate with certified experts before taking any investment decisions.