There is a buying mood in the market today. Nifty managed to cross 17800 and Bank Nifty 38000. However, consolidation is visible in the market in the last one and a half hours. In such a situation, we will try to understand through the options data which range the writers are seeing for the next week. Our today’s expert on CNBC-Awaaz is Vinay Rajani, HDFC Securities. Vinay also offered a cheaper option with his strong calls.
Today’s Stocks with LONG Rolls in Futures Market
JUB FOOD, India Cem, Page और Whilpool
Stocks with Today’s SHORTS Roles in Futures Market
GMR, NAVIN FLURINE, METROPOLIS और GNFC
Stocks with Today’s SHORTS COVERING ROLE in Futures Market
INDIGO, HAL, ICICI Bank and FED Bank
In Nifty today at 12 noon, most put writers were active at 17800, 17750 and 17700.
In Nifty today at 12 noon, most call writers were active at 17900, 17950 and 18000.
In Bank Nifty today at 12 noon, most put writers were active at 37500, 37400 and 37600.
In Bank Nifty today at 12 noon, most call writers were active on 38000, 38100 and 38200.
Vinay Rajani of HDFC Securities on the market
Giving his opinion on the market, Vinay Rajani of HDFC Securities said that after the rise in Nifty, a slight correction has been seen today but overall our outlook remains positive on Nifty. It can be bought from a short term perspective. But you should make buy on dips strategy while buying in Nifty.
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NIFTY 50 JAN FUT : Buy Rs-17854, Stop Loss Rs-17600, Target Rs.17950
Today Trading Calls of Vinay Rajani
VOLTAS JAN FUT : Buy -1265, Stop Loss -1240, Target Rs.1350
TATA POWER JAN FUT : Buy Rs.229, Stop Loss Rs.224, Target Rs.240
Today’s Cheap Option: DABUR INDIA
Describing today’s cheap option, Vinay Rajani said that now there is little volatility in the market. Being a weekend, it is natural to see volatility in the market, but keeping this in mind, we will choose the cheaper option in the safe sector i.e. FMGC sector. Therefore Vinay advises to buy Dabur India’s January Series 600 strike call around Rs 5.50. He said that put a stop loss below Rs 3 and a target of Rs 8 to 8.5 can be seen in it.
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