Nifty may inch towards 6,200 in Jan: traders

Tue Jan 1, 2013 7:33pm IST

Investors watch a display at a local share market in Chandigarh December 18, 2008. REUTERS/Ajay Verma/Files

Investors watch a display at a local share market in Chandigarh December 18, 2008.

Credit: Reuters/Ajay Verma/Files

Related Topics

Stocks

   

Reuters Market Eye - Option traders see a probability of Nifty 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 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.

(Reporting by Abhishek Vishnoi)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared
BSE Sensex rises over 1 percent on reforms, election boost

BSE Sensex rises over 1 percent on reforms, election boost

The BSE Sensex and Nifty rose more than 1 percent on Monday to mark their biggest daily gain in more than one week after the government's energy reforms led to a rally in oil firms, while wins by Prime Minister Narendra Modi's party in two state elections raised expectations for additional reforms.  Full Article 

REUTERS SHOWCASE

Indian State Media

Indian State Media

Controlling the message: Modi chooses state media  Full Article 

ONGC Stake

ONGC Stake

Govt meeting bankers to discuss share sale in ONGC - source  Full Article 

Gold Curbs

Gold Curbs

Finance Ministry wants to reimpose curbs on gold imports - ET  Full Article 

World Stocks

World Stocks

Shares advance on strong data, earnings  Full Article 

IBM Chip Unit

IBM Chip Unit

IBM to pay Globalfoundries to take chip unit  Full Article 

Eyeing Reebok

Eyeing Reebok

Investor group aims to buy Reebok unit - WSJ  Full Article 

Reuters India Mobile

Reuters India Mobile

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