Budget spurs new positions in F&O segment: Open interest shifts to consumer stocks

economictimes.indiatimes.com:

Consumer-oriented stocks seem to be the focus of traders after the budget on Saturday. A look at stock futures contracts that have seen strong rollovers to the February series, and their near-term outlook.

Maruti Suzuki India

CMP: Rs 12,916.50 Change in Open Interest in February (%): 40.79 Change in price in February Series (%): 7.6
RATIONALE: Auto stocks were among the top gainers on Saturday after the Union Budget announcement, which is set to boost domestic consumption. “Nifty Auto index has bottomed out with the formation of Bullish divergence on weekly scale and most of the stocks are showing strength and recovery mode,” said Chandan Taparia, head of technicals and derivatives research at Motilal Oswal Financial Services. Taparia said has a target of `13,700 on the stock and recommends buying with a stop loss at Rs 12,500.

Bajaj Finance

• Stock Trading

  Maximise Returns by Investing in the Right Companies

  By — The Economic Times, Get Certified By India's Top Business News Brand

• Stock Trading

  Market 104: Options Trading: Kickstart Your F&O Adventure

  By — Saketh R, Founder- QuickAlpha, Full Time Options Trader

• Stock Trading

  Technical Analysis for Everyone — Technical Analysis Course

  By — Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities

• Stock Trading

  Stock Markets Made Easy

  By — elearnmarkets, Financial Education by StockEdge

• Stock Trading

  Renko Chart Patterns Made Easy

  By — Kaushik Akiwatkar, Derivative Trader and Investor

• Stock Trading

  Market 101: An Insight into Trendlines and Momentum

  By — Rohit