MARKET EYE-Nifty may inch towards 6,200 in Jan-options traders

Tue Jan 1, 2013 11:49am IST

Related Topics

* Option traders see a probability of India's 50-stock index
 or Nifty, which is up 0.7 percent at 5,949 points,
inching closer to 6,200 levels in the January derivative series
which ends on January 31.
* Nifty January 6,200 call added positions worth
$101 million on Monday alongside an increase in NSE's volatility
index or India VIX, signifying buying action, UBS said
in a note.
* 6,200 January call is 1 million shares away from commanding
the highest open interest among Nifty calls, compared to 6,000
call, which holds 5.5 million shares in
outstanding positions, as of December 31, as per NSE data.
* Positions in put options on Nifty imply support at 5,800
level, traders added.

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)
FILED UNDER:

Reuters Showcase

Markets Weekahead

Markets Weekahead

Focus on sectors which will build India: Ambareesh Baliga.  Full Article 

FMC-SEBI Merger

FMC-SEBI Merger

Regulatory shakeup could revive commodities markets   Full Article 

Tax Incentives

Tax Incentives

Budget woos foreign investors  Full Article 

Excise Duty

Excise Duty

Cigarette makers fall after budget hikes excise duty  Full Article 

Welcoming the Budget

Welcoming the Budget

India Inc cheers corporate tax cut, simpler rules  Full Article 

Gold Price

Gold Price

Gold prices to rise after budget keeps import duty high  Full Article 

Fuel Prices

Fuel Prices

IOC to raise diesel, petrol prices from Sunday  Full Article 

Moody's on Budget

Moody's on Budget

Budget "credit neutral" from a ratings perspective - Moody's   Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage