Top f & o calls: The market is currently trading rapidly. The Nifty witnessed a rise of about 93 points and the Sensex was strengthened by about 263 points. In F&O, the shares of Hero MotoCorp, Promotion Madrasan, Blue Star, Tata Alexi, Piramal Pharma and PG Electroplasut were seen in green mark. On the other hand, in the Sensex, HCL Tech, Eternal, HDFC Life, SBI Life, Axis Bank and JSW Steel were seen trading by falling. Meanwhile, understanding the market attitude Talking to CNBC-Awaaz, Jain of Motilal Oswal Explain F&O calls. He also suggested a cheap option for earning during this period. Know his best calls-
NIFTY 50 update: Writors range on Nifty and Bank Nifty
During this afternoon, the highest number of call writers on Nifty appeared active at 25200, 25300 and 25400 levels. Whereas in the Nifty, the most put writers appeared active at 25100, 25000 and 24900 levels. Talking about the bank Nifty, the most call writers in the Nifty Bank appeared active at the level of 57200, 57400 and 57500. At the same time, the highest number of put writers in Nifty Bank were active at the level of 57000, 56800 and 56500.
Motilal Oswal’s Fantastic F&O Calls of Ruchit Jain
Sun Pharma Future: Buy – Rs 1725, Target – Rs 1770, Stoploss – Rs 1700
PRETIGE Estates Future: Buy – Rs 1754, Target – Rs 1820, Stoploss – Rs 1720
Hero Motocorp Future: Buy – Rs 4404, Target – Rs 4520, Stoploss -4340 rupees
Today’s cheap option: Biocon
Describing the cheap option for today, Ruchit Jain of Motilal Oswal said that he has placed bets on Biocon. He said that it was advised to buy a call for Biocon’s July 400 strike. Ruchit Jain said that make purchases around the level of Rs 15 in it. A target of Rs 22/23 can be seen in it. Along with this, he also advised to put a stoploss at the level of Rs 11 in it.
(Disclaimer: The ideas and investment advice on Moneycontrol.com have their own personal views and opinions. Moneycontrol advises users to consult certified experts before making any investment decisions.)