Web exclusive: Aggressive put writing seen in Nifty at 6,000 and 6,100 strike

Check out the F&O trends in select stocks with Nitin Murarka, Head-Derivatives, SMC Global

Check out the F&O trends in select stocks such as  Bharti, JP Associates, Tata Steel, RComm and Axis Bank  with Nitin Murarka, Head-Derivatives, SMC Global:

SmartInvestor : Markets continue to maintain a bullish trend so far and the Nifty has managed to trade way above 6,100 levels so far. What is your advice to traders for the benchmark Nifty for Feb options expiry next week?
    
Nitin Murarka : As per derivative data Nifty should expire in the band of 6,080 to 6,200. Intraday support for Nifty is placed around 6,130 future level. Aggressive put writing is seen in 6,000 and 6,100 strike put option however call writing is also seen in 6,200 call option. Hence Downside is limited for February expiry. I expect Nifty to trade with positive bias and may test 6,200 levels in current series. I would recommend buying 6,150 strike call option with the stop loss of 6,130 Nifty Future.

    

SmartInvestor : Bharti Airtel is active in the options segment today. What is the OI position suggesting? What is your strategy for the stock for Feb options expiry?
   
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