Stock market free calls for short term equity trading

Stock market Free Calls as Bulls managed to take charge at Dalal Street after intraday tussle with bears on Wednesday.

The Nifty50 after strong gap up opening traded volatile as the day progressed. Followed by marginal correction in afternoon. However, it managed to recoup losses in late trade.

The index closed volatile session sharply higher ahead of expiry of October derivative contracts tomorrow. They formed small bearish candle, which resembles a ‘Hammer’ like pattern on the daily charts.

The index managed to hold its near term support levels of 10,100, which indicated that it can go up further on expiry day, experts said. So here we have suggested some of the Stock market free calls.

Stock Name – RBL Bank
Current Price – Rs 486.20
Target – Rs 537
Stop Loss – Rs 468

Stock Name – State Bank of India
Current Price – 249.30
Target – Rs 236.50
Stop Loss – Rs 266

Stock Name – HDFC Bank
Current Price – 1983.50
Target – Rs 1890
Stop Loss – Rs 1653

Stock Name – Wipro
Current Price – 316.30
Target – Rs 300
Stop Loss – Rs 315

Stock Name – Interglobe Aviation
Current Price – 816.95
Target – Rs 780
Stop Loss – Rs 847

Stock Name – DEN Networks
Current Price – 67.45
Target – Rs 70
Stop Loss – Rs 65

Stock Name – L&T Finance Holdings
Current Price – 116.90
Target – Rs 132
Stop Loss – Rs 123

Stock Name – SPML Infra
Current Price – 61.95
Target – Rs 67
Stop Loss – Rs 56

The Nifty50 opened 131 points higher at 10,278.15 and touched an intraday high of 10,290.65 in early trade. But turned volatile as the day progressed and corrected sharply towards 10,126 levels, the day’s low. However it recovered well by nearly 100 points from its intraday low. By forming a Hammer candle followed by a Doji on daily scale. The index closed 78 points higher at 10,224.80.

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