Top F&O Calls: The market is currently trading up. There was a gain of about 36 points in Nifty and a gain of about 233 points in Sensex. Talking about F&O, shares of Max Financial, Laurus Labs, HDFC Labs, Bajaj Finserv, Bajaj Finance, Divi’s Lab and CG Power, Glamark Pharma and Kalyan Jewelers were seen in the red. While shares of Indian Hotels, Zomato, Power Grid, CDSS, Indus Towers, MCX, BSE, HDFC AMC and Vodafone Idea were seen in the green. Meanwhile, understanding the market trend, while talking to our associate channel CNBC-Awaaz, Rajesh Palviya of Axis Securities told about F&O calls. He also suggested a cheaper option for earning during this period. Know his best calls-
Nifty 50 Update: Range of writers on Nifty and Bank Nifty
During today afternoon, maximum call writers were seen active on NIFTY at the levels of 23300, 23400 and 23500. Whereas in Nifty, most put writers were seen active at the levels of 23200, 23100 and 23000. Talking about Bank Nifty, maximum call writers were seen active in Nifty Bank at the levels of 49000, 49200 and 49500. Whereas in NIFTY BANK, most put writers were seen active at the levels of 48800, 48700 and 48500.
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Amazing F&O calls by Rajesh Palviya of Axis Securities
Indus Towers Future: Buy – Rs 358, Target – Rs 370/375, Stoploss – Rs 350
Navin Fluorine Future: Buy – Rs 3704, Target – Rs 3850, Stoploss – Rs 3660
Interglobe Aviation Future: Buy – Rs 4145, Target – Rs 4260/4280, Stoploss – Rs 4080
Today’s cheapest option: AU Small Bank
Describing it as a cheap option for today, Rajesh Palviya of Axis Securities said that he has bet on AU Small Bank. He said that he advised to buy call of AU Small Bank with strike of 580 with January expiry. Rajesh Palviya said that buy around the level of Rs 16.90. In this, a target of Rs 28-32 can be seen. However, he also advised to put stoploss at the level of Rs 9.
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