Nifty on track to hit 18K; Hero Moto, RIL and ICICI Bank top picks for November series: Rahul Sharma

“The derivative data shows us that the huge presence of call writers at 17800 levels along with the gap-up opening can bring Nifty near to 18000 levels & short covering from trapped call writers can take the market much more on the upside. Similarly in Bank Nifty call writers are present at 41000 – 41500 levels which can push the Bank Nifty towards new highs in short covering.”