Top F&O Calls: The market is currently trading on decline. Sectoral indices were seen trading in the red. There was a decline of about 175 points in Nifty and a weakness of about 610 points in Sensex. Talking about F&O, shares of CG Power, Polycab, Lupine, Voltaz, PB Fintech, Angel One, Dixon Technology, Kalyan Jewelers and Paytm were seen in the red. Whereas shares of Mahanagar Gas, Berger Paints, SRF, ONGC, GAIL, Dr Reddy’s, Poonawala Fincorp, Max Healthcare 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 23600, 23700 and 23800. Whereas in Nifty, most put writers were seen active at the levels of 23500, 23400 and 23300. Talking about Bank Nifty, maximum call writers were seen active in Nifty Bank at the levels of 49900, 50000 and 50100. Whereas in NIFTY BANK, most put writers were seen active at the levels of 49500, 49400 and 49000.
An expert earned more than 6% return in just 2 days, today the three giants bet on these 8 stocks to earn.
Amazing F&O calls by Rajesh Palviya of Axis Securities
Tata Power Future: Sell – Rs 373, Target – Rs 365/360, Stoploss – Rs 383
ONGC Future: Buy – Rs 268, Target – Rs 278, Stoploss – Rs 262
Bharta Forge Future: Sell – Rs 1243, Target – Rs 1200, Stoploss – Rs 1270
Today’s cheapest option: Dr Reddy’s
Describing it as a cheap option for today, Rajesh Palviya of Axis Securities said that he has bet on Dr Reddy’s. He advised to buy Dr Reddy’s January expiry call with strike of Rs 1400. Rajesh Palviya said that buy around the level of Rs 25.60. A target of Rs 40/45 can be seen in this. However, he also advised to put stoploss at the level of Rs 16.
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