Li Keqiang's India Visit
With wary eye on the U.S., China courts India
Chinese Premier Li Keqiang, smiling and effusive, was out to smooth ruffled feathers in India this week, promising to ease tensions and increase trade between Asia's fastest growing economies in his first trip overseas since taking office. Full Article | Slideshow
REUTERS SHOWCASE
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
Nifty may inch towards 6,200 in Jan: traders
Track Markets: BSE Sectoral Indices
Track and analyse performance of all BSE sectoral indices and other global indices on a single page. Full Coverage
Investors watch a display at a local share market in Chandigarh December 18, 2008.
Credit: Reuters/Ajay Verma/Files
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)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters