Top F&O Calls: The market is currently trading on the decline. There was a fall of about 31 points in Nifty and a fall of more than 95 points in Sensex. Talking about F&O, shares of JSW Energy, Nalco, Dalmia Bharat, BSE, APL Apollo Tubes, Tata Steel, Siemens, PB Fintech and SAIL were seen in red. Whereas shares of Hindustan Copper, Tata Chemicals, InterGlobe Aviation, RBL Bank, Biocon, Granules India, Mahanagar Gas, IGL, GAIL were seen in the green. Meanwhile, understanding the market trend, while talking to our associate channel CNBC-Awaaz, Somil Mehta of Mirae Asset Sharekhan 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 23800, 23900 and 24000. Whereas in Nifty, most put writers were seen active at the levels of 23800, 23700 and 23600. Talking about Bank Nifty, maximum call writers were seen active in Nifty Bank at the levels of 51500, 51700 and 51800. Whereas in NIFTY BANK, most put writers were seen active at the levels of 51200, 51100 and 51000.
Amber Enterprises can list its electronic division separately – Sources
Amazing F&O calls by Somil Mehta of Mirae Asset Sharekhan
Hindalco Future: Sell – Rs 629, Target – Rs 610/600, Stoploss – Rs 641
Union Bank Future: Sell – Rs 117, Target – Rs 114/110, Stoploss – Rs 120
Wipro Future: Sell – Rs 305, Target – Rs 294, Stoploss – Rs 312
Today’s cheapest option: Nifty
Describing it as a cheap option for today, Somil Mehta of Mirae Asset Sharekhan said that he has bet on Nifty. He said that he advised to buy Nifty put with strike of 23800 with expiry of January 2. Somil Mehta said that buy around the level of Rs 166.60. A target of Rs 220 can be seen in this. However, he also advised to put stoploss at the level of Rs 130.
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