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M&M Finance is showing high volume breakout on weekly chart. It has given range breakout above Rs 280-285 level, which was its previous week high.
HDFC Bank has been hovering near Rs 1,400 level. The Rs 1,360 level is a long-term trendline zone that is acting as a strong support zone.
Stocks to buy: IRCTC, Indianbulls Housing Finance and JSW Energy are the top picks by Kunal Shah of LKP Securities.
On the options front, the maximum Call OI is at 22500 and then towards 22600 strikes. The maximum Put OI is at 22000 and then towards 21900, whereas Minor Call writing was witnessed at 22600 and then towards 22500 strikes, while some Put writing was witnessed at 22000 and then towards 21900 strikes.
YES Bank is forming the higher high-low formation on the daily chart and is taking support at 50-SMA, which is placed at Rs 24.55 level.