Indian equity indices are within striking distance of touching new life time highs. The India Volatility index remains low. The Nifty 9,000 call however has maximum open interest and may offer resistance before the Nifty 50 index can break away into uncharted territory beyond its previous record high of 9,119, made in March 2015. Should traders then take long positions in the near term or play for some more consolidation? On Bloomberg Quint's ‘Surf's Up', which tracks weekly trends in equity derivatives, Chandan Taparia of Motilal Oswal tells Agam Vakil that indices are ready to test higher levels with base formation in higher put options and is bullish on banking and consumption names. For more on what levels to bear in mind and stocks to watch, listen in.
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