Views on Bank Nifty: Bank Nifty too fell heavily after initial gap up in the morning and eventually rose mid-morning to close high by 96.25 points. The support is around 34815.
Data Analysis : In the cash market trading data, we find that both FIIs were net sellers while DIIs are net buyers. In the derivative segment FIIs are neutral while DIIs continue to hold positions.
Stock Recommendations for 23rd August 2021:
1. Adani Green: . Hold Buy Positions.
2. Apollo Hospital: Potential Reversal expected.
3. Auropharma: . Hold Sell Positional or Sell Intraday
4. Eicher Motors: . Take short below 2523.
5. Lupin: . New Intraday Short Position can be taken below today’s closing price.
6. Siemens: Wait and Watch. Recommended Position is Buy.
7. Vedanta ( VEDL ): . Currently @ Support. Buy above 274.95