Web Exclusive
Derivative strategy on Nifty by HDFC Securities

Buy NIFTY (09 MAY EXPIRY) 11,600 PUT at 69

TARGET: Rs 120


  • Short build up is seen in the Nifty Futures’, where we have seen 13% rises in Open Interest with NIfty falling by 0.70%
  • We have seen aggressive call writing at 11700-11800 levels(Weekly expiry).
  • Nifty fell more than 150 points from the resistance level of 11800 to close below its 5 day SMA.
  • Oscillators and Momentum Indicators like RSI and MACD Indicating weakness.

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel