Nifty Heading Towards 10,500 In Nov Series; 5 Stocks Which Could Give Returns Up To 17%

The overall derivative data indicates long rollover in the November series with most of the Nifty futures positions rolled with the average of 10,250 futures. The data indicates bullish scenario to continue with Nifty holding multiple strong supports at lower levels.

The major supports are placed at 10,250 and 10,200 spot levels. We can see some bit of short covering on every dip as bulls are very active in this series as well.

In the November option contracts, we are seeing options open interest building up in 10,500 calls and 10,200 puts, so the probable range for the expiry could be 10,000-10,500 with a positive bias.

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