One very interesting stock trading idea in F&O for next week is Indian Oil. Its in NR7 for 3 continuous days implying a range compression. The Q4 results are not out yet but as obvious from HP/BP results, at the operational level these will be in line. The govt has increased the Diesel/Petrol prices for 15 consecutive days which will provide a lot of Financial...
I think the downside gap remains and the index should touch the long term trendline in the coming weeks around 7700
A novice chart with simple trendline support. Nifty looks good for a break down