Buy Havells India Feb Futures in the range of 661-666: ICICIDirect

Last Updated: Mon, Feb 11, 2013 04:31 hrs

Weakness continued in the market as FIIs changed their positive stance on the F&O segment for February. They created shorts in index futures, which shrank the basis on the Nifty to sub-20 levels. They also went ahead and bought index options worth over | 7000 crore. In the Nifty, they focused on OTM Put options ranging from 5900 to 5700. As a result, the Nifty shed over 100 points during the week. Major weakness was infused by banks and oil & gas stocks. Technology space continued to provide support along with HDFC


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