Chandan Taparia's recommendations: How to trade IDFC Bank, Vedanta, Exide Ind shares on June 21?

livemint.com:

Indian stock market: The domestic benchmark equity indices, Sensex and Nifty 50, closed Thursday's session higher despite encountering volatility throughout the trading day. The 30-share BSE Sensex concluded the session with a gain of 141.34 points, or 0.18 per cent, closing at the level of 77,478.93. Meanwhile, the Nifty 50 finished at 23,567.00, up by 51.00 points, or 0.22 per cent.“Nifty index opened positive and remained choppy in a range of 180 points throughout the day.

It remained in the range of the previous session and closed with gains of around 50 points. It formed a Doji sort of candle with long lower shadow on daily frame. Nifty index has been moving in a narrow trading band of 250 points from last four trading sessions.

It made a new life time high of 23664 marks on Wednesday but the pace of buying is lesser in the market. Now it has to continue to hold above 23500 zones to extend the move towards 23664 and 23750 zones whereas supports are placed at 23400 than 23350 zones," said Chandan Taparia, Head – Equity Derivatives and Technicals, Broking and Distribution, MOFSL.India VIX was down by 2.68 per cent from 13.71 to 13.34 levels. Volatility has been slightly on the rise from the last three sessions which is causing a bumpy ride on the upside direction.On option front, Maximum Call OI is at 24000 then 23500 strike while Maximum Put OI is at 23000 then 23300 strike.