* 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.