After four consecutive days of rally, some profit-booking has been seen in the market. However, there has been a good recovery from the lower levels in the last one hour. Nifty has managed to exit above 17700. In such a situation, we will try to understand through the options data, where the writers are seeing today’s expiry. Our Today Expert at CNBC-Awaaz’s Future Express is Prashant Sawant, Co-Founder, Catalyst Wealth. Prashant also offered a cheap option with his strong calls.
LONG position seen in these stocks in futures market today
NBCC, INDUS TOWER, BALRAMPUR CHINI और AB CAPITAL
SHORTS position seen in these stocks today in the futures market
ADANI PORT, PERSISTANT, HIND COPPER और JUB FOOD
In Nifty today at 12 noon, most put writers were active at the level of 17600, 17700 and 17650.
In Nifty today at 12 noon, most call writers were active at the level of 176800, 17900 and 18000.
In Bank Nifty today at 12 noon, most put writers were active at the level of 37000, 37100 and 37200.
In Bank Nifty today at 12 noon, most call writers were active at the level of 37500, 37600 and 37700.
Prashant Sawant of Catalyst Wealth Opinion on the market, said that both the indices have seen slight correction due to expiry today and volatility may remain on the day of expiry, hence we will have a wait and watch advice on the indices as it has both upside and downside. K moves may be visible but must wait for entry at the right level.
These 3 stocks can become multibagger penny stocks of the year 2022, Sumeet Bagdia gave buying advice
Trading Calls by Prashant Sawant of Catalyst Wealth
INDUS TOWER: Prashant said that last time he had given its 260 strike call at Rs 7 which is now trading at Rs 12, so book profit in it and its January series 265 strike call is around Rs 8. – Buy the pass. Put a stop loss below Rs 4. It can show a level of Rs 18 by the end of this month i.e. the call can be doubled.
BHARTI AIRTEL: Prashant buys its January series with strike call of 720 around Rs.17. Put a stop loss below Rs 9.5 in this. A level of Rs 33 can be seen in this.
EICHER MOTOR JAN FUT: Buy – Rs 2770, Stop Loss – Rs 2720, Target – Rs 2975
Today’s cheapest option: SBI
Prashant said that today’s cheap option should be bought in this banking stock. It alone has a weightage of 17 per cent in Nifty Bank. So buy its January Series 510 strike call when the stock starts trading above Rs 505. If it starts trading above 505 then it can see further upside then buy call with 510 strike and put stoploss at half of its buy price. A very good move can be seen in this i.e. overall it is a conditional call.
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