Buying is being seen in the market for the second consecutive day. Nifty remains intact beyond 16100. However, there is a slight weakness in the Nifty. In such a situation, we will try to understand through the data of the options which range the writers are seeing for the next week. Our Today Expert Market Expert is Rajesh Palvia at CNBC-Awaaz’s Future Express. Rajesh also offered cheap option with his strong trades.
Writers Position on Nifty
Today at 12 noon, Nifty saw the most active call writers at the levels of 16200, 16300 and 16400.
Today at 12 noon, Nifty saw the most active put writers at the level of 16100, 16000 and 15900.
Writers Position on Bank Nifty
Today at 12 noon, most call writers were seen active in Bank Nifty at the level of 33500, 33600 and 33700.
Bank Nifty saw the most active put writers at the level of 33000, 32900 and 32800 today at 12 noon.
A player’s stocks gave 8% return in just 2 days, know where he bet today
Rajesh Palvia trading ideas of the market
Bharti Airtel March Fut : Buy – Rs 690, Stoploss – Rs 678, Target – Rs 715- Rs 720
Maruti Suzuki March Fut : Buy – Rs.6900, Stoploss – Rs.6800, Target – Rs.7120
Tata Consumer Products March Fut : Buy – Rs.699, Stoploss – Rs.688, Target – Rs.725-730
Today’s cheapest option for Rajesh Palvia: BEL
Rajesh Palviya advised to buy a call as a cheap option in view of the buying in the market today. He suggested a call option on BEL. Palvia said buy BEL’s March series call with 220 strike. Should buy it around 8 bucks. In this, stoploss should be placed below Rs.5. In this, the target of Rs 11-12 can be seen coming.
(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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