SmartInvestor:Markets have extended gains and are trading near their day's highs. Nifty options is seeing action at various strike prices from 6,500 and 7,000. What is your call on the benchmark for the expiry in the April series?
Chandan Taparia:Fresh put writing seen at 6700 strike which indicates that now 6666 is likely to act as a major support zone while on upside immediate hurdle at 6740 (VWAP Volume weight age average of the April series). If manages to hold above 6740 then short covering may take place towards 6800-6820 zone.
SmartInvestor:TCS has been one of the most active stocks in the options segment today. The stock has recorded contracts at strike prices between 2,100-2,400. What is your strategy for the IT major for April options?
For detailed transcript please CLICK HERE
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%