Top F&O Calls: The market is currently trading down. There was a decline of about 142 points in Nifty and a weakness of about 400 points in Sensex. Talking about F&O, shares of Saint, Syngene, Dr Reddy’s, Oil India, Prestige Estates, Jio Financial Services, Glamark Pharma, Paytm and Sona BLW were seen in red. While shares of Mphasis, IEX, Persistent Systems, Eicher Motors, HUL, Macrotech Developers, Kofoz, Indian Hotels, and Grasim were seen in the green. Meanwhile, understanding the market trend, while talking to our associate channel CNBC-Awaaz, Shivangi Sarda of Motilal Oswal 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 48700, 49000 and 49500. Whereas in NIFTY BANK, most put writers were seen active at the levels of 48600, 48500 and 48400.
Buying advice at the current level in Nifty and Bank Nifty, know from experts at which levels to trade in both the indices.
Shivangi Sarda’s amazing F&O calls by Motilal Oswal
Maruti Suzuki Future: Buy – Rs 12004, Target – Rs 12500, Stoploss – Rs 11800
JSW Steel Future: Buy – Rs 947, Target – Rs 990, Stoploss – Rs 930
Persistent Systems Future: Buy – Rs 6462, Target – Rs 6750, Stoploss – Rs 6350
Today’s cheapest option: Bajaj Finance
Describing it as a cheap option for today, Shivangi Sarda of Motilal Oswal said that she has bet on Bajaj Finance. He said that he advised to buy calls of Bajaj Finance with strike of 7600 with January expiry. Shivangi Sarda said that buy around the level of Rs 86.55. A target of Rs 170 can be seen in this. However, he also advised to put stoploss at the level of Rs 50.
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