MARKET EYE-NSE sees rising put option contracts at 6,000 points

Mon Feb 4, 2013 11:15am IST

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* India's NSE index could see support at around 6,000
points, analysts say based on a rise in put options at that
level.
* Open interest for put options at 6,000 points increased by
400,000 contracts on Monday, suggesting these investors don't
expect too much downside below this level.
* The spot NSE index had fallen 1.25 percent in the four
sessions between Tuesday and Friday after the RBI cut interest
rates as expected but adopted a more cautious stance on future
rate cuts. 

 (manoj.dharra@thomsonreuters.com;
manoj.dharra.thomsonreuters.com@reuters.net)
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