There is a buying mood in the market on the first trading day of the week. Nifty is close to 18300. However, there is some pressure in Bank Nifty. So, we will try to understand through the options data which range the writers are seeing for this week. Today’s expert is Ashish Baheti of NAV Investment. Baheti also offered cheaper option with its strong calls.
Today’s Stocks with FRESH LONG Rolls in Futures Market
Hero Moto, Exide, Apollo Tyre और HAL
Stocks with Today’s SHORT COVERING Roles in Futures Market
Amararaja, Dixon, Cummins और Ipca
Stocks with Today’s FRESH SHORT Rolls in Futures Market
Granules, HCL tech, Nalco और Dr Lal Path
In Nifty today at 12 noon, the highest number of call writers were active at the levels of 18200, 18300 and 18500.
In Nifty today at 12 noon, most put writers were active at the level of 18200, 18100 and 18000.
In Bank Nifty today at 12 noon, most call writers were active at the level of 38000, 38200 and 38500.
In Bank Nifty today at 12 noon, most put writers were active at the level of 38000, 37900 and 37500.
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NAV INVESTMENT’s Ashish Baheti’s opinion on the market
Giving his opinion on the market, Ashish Baheti said that a large number of call writers are seen active in Nifty above 18000, so there will be a buying opinion in it. If it stays at 18300, then higher levels will be seen in it. Buy it at the 18304 level. Along with this, put a stoploss at the level of 18230. 18450 levels can be seen in Nifty.
On the other hand, if we talk about Bank Nifty, it looks sluggish in comparison to Nifty. I am not calling Bank Nifty weak but out of 12 banks, 4 big banks are trading in recession. Hence we would advise to avoid taking trades in Bank Nifty.
NAV INVESTMENT’s Ashish Baheti Trading Calls
TATA MOTOR JAN FUT : Buy – Rs 525, Stop Loss – Rs 512, Target – Rs 540
ICICI PRU JAN FUT : Buy – Rs 616, Stop Loss – Rs 605, Target – Rs 621
APOLLO TYRE JAN FUT : Buy – Rs 242, Stoploss – Rs 235, Target – Rs 248
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Today’s Cheap Option: TATA POWER
Saying the cheapest option for today, Ashish said buy Tata Power January Series 250 strike call. Should buy this call around Rs. A target of Rs 12 can be seen in this. Also, to secure the loss, a stoploss should also be placed at Rs 3.5.
(Disclaimer: The views and investment advice given on moneycontrol.com are the personal views and opinions of investment experts. Moneycontrol advises users to consult a certified expert before making any investment decision.)
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