The tensions of the war between Russia and Ukraine dominate the market. Nifty also slipped below 15900 today. Bank Nifty has weakened by more than 1400 points. In such a situation, we will understand through the data of options which range the writers are seeing for the next week. Our Today Expert Market Expert Ashish Baheti at CNBC-Awaaz’s Future Express. Ashish ji also told a cheap option with his strong trades.
Today at 12 noon, most call writers in Nifty were active at the level of 15900, 16000 and 16100.
Today at 12 noon, most put writers in Nifty were active at the level of 15800, 15700 and 15600.
Today at 12 noon, most call writers in Bank Nifty were active at the level of 33000, 33100 and 33200.
Today at 12 noon, most put writers in Bank Nifty were active at the level of 32500, 32400 and 32300.
Market expert Ashish Baheti’s opinion on the market
Giving his opinion on the market, market expert Ashish Baheti said that today there is an all-round sell-off in the market. At present, traders are trading in the index with the strategy of sell on rise. Since the Nifty has broken this level below 17000, then any pullback that came in it has been seen to be selling after. Every pull back is seen as a selling opportunity under Sell on Rise.
Earning game of stock market, in which players will compete and you will earn
Ashish said that at present it will not be advisable to take any trade in Nifty but those who have short position can stay in short position by putting stoploss at 16050 level. Whereas new position is not advised in Bank Nifty but old position can be carried with short with stoploss of 33100.
Today’s Trading Ideas by Ashish Baheti
Infosys March Fut : Buy – Rs 1737, Stop Loss – Rs 1710, Target – Rs 1770
Bharti Airtel March Fut : Buy – Rs 668, Stoploss – Rs 660, Target – Rs 690
UPL March Fut : Buy, Stop Loss – Rs 760, Target – Rs 780
Ashish Baheti suggests today’s cheapest option: ONGC
Ashish advises to take a cheap option call in ONGC. He said that its buy call of March Series 175 with strike level of Rs 6.25. A target of Rs 12 can be seen in this. Also, to protect the investment, stoploss should be placed at Rs.3.
(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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