Smartinvestor : Markets have surged today on the back of comforting comments from the US Fed on its easy monetary stance. The Nifty has topped the 5,900 mark and continues to stay above that level. What is your call on the Nifty for July options?
Chandan Taparia : Nifty future wa strading in a narrow range of 5755 to 5905 levels from last nine trading sessions and today it opend up and broken the trading range on upside. Fresh Put writing seen at 5800 strike which is likely to act as a medium term support for the market. Although buying interest seen in the market but maxium Call OI is intact at 6000 strike which is putting pressure on the market at higher zone. If Nifty future manages to hold 5930 then momentum may be seen towards 5980-6000 zone but better to play with the 6000 call as we are hedaing for INFY result.
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Smartinvestor : Software major Infosys is among the most active stocks today in the options segment ahead of its first quarter earnings on Friday. What is your call on the stock for July options expiry?
Chandan Taparia : Yes, Infy is among the most active stock in option segment ahead of quartly result as traders are running to buy calls and Puts.
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