'Expect March F&O expiry above 9,100; 9,400 level on the cards in April'

Interview with Nitin Murarka, Head of Derivatives at SMC Global Securities

The Nifty50 is expected to settle the March expiry of future & options (F&O) contracts in the range of 9,100-9,200, says NITIN MURARKA, Head-Derivatives, SMC Global Securities. In an interview with Aprajita Sharma, he recommends to initiate buy in the index for the target of 9,350-9,400 and stoploss of 9,000 spot levels. Edited excerpts: 

Looking at the options data, where do you see March F&O series of Nifty50 contracts expiring at?

On Tuesday, we saw aggressive writing in 9,100 puts and unwinding in 9,100 calls. Option data indicates expiry above 9,100 and below 9,200. 

What does April series data signal