Nifty is expected to remain in a range of 5,200-5,450 levels this week. After March expiry, Nifty witnessed sharp bounce-back next day. Thereafter, the Nifty started to inch up during the week towards 5,400 levels. Nifty April futures premium decreased to 20 points from 35 points. Nifty futures shed shares in open interest indicating liquidation. Nifty May futures premium also decreased to 55 points from 65 points. Put-call ratio of open interest picked up and closed at 1.30. There was a mixed activity among both calls and put options during the week.
Buy NTPC April futures above of Rs 169.5 for the target price of Rs 176 with a stop loss placed at Rs 165.8.
Buy NTPC April futures above of Rs 169.5 for the target price of Rs 176 with a stop loss placed at Rs 165.8.
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