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    Hello and welcome to the webchat with Chandan Taparia, derivative analyst at Anand Rathi Securities on 'F&O watch: Market outlook for May'

  • S


    Tell 1 stock that I can buy for May series and 1 stock that I can sell for May series both in future segment


    Arvind, Voltas and Sksmicro for buy side while Mindtree and KSCL for sell side.

  • A


    Where do you see the Nifty expiring in the April Series?


    Nifty levels is concern, we have seen fresh put writing at 8000, 7950 and 7900 strike which will keep the downside limited to 7920 zones while maximum Call open interest at 8000 and 8050 strike would keep the upside limited to 8020 then 8080 levels. 7950-7980 is a crucial zone which we are keeping in radar for expiry closing point of view.

  • M


    Axis Bank has slumped post the announcement of Q4 numbers, what is your view on the stocks based on F&O data?


    We have seen fresh call writing at 480 and 490 strikes which is keeping its upside limited. On down side it may find support near to 455 then 444 zones.

  • S


    Which are the sectors that one can focus for gains in May F&O Series?


    Housing Finance, Capital Goods and Engineering and Selective Banks stock can be on radar for next series movement.

  • S


    Bharti Airtel and YES Bank are set to announce their results today, any trading strategies you suggest based on F&O ahead of the results?


    Bhartiartl : Trend is bullish so can trade with 380 call as it may see an up move towards s385 levels. Yesbank if comes near to 900 then trade with 900 strike but already given a rally so risk would be there in the trade.

  • S


    How have been the rollovers panning out ahead of the expiry of April series tomorrow?


    We have seen rollover of 55% as of now and expecting total rollover to be in line around 64-67%.

  • K


    Bank Nifty rollovers are seen lower compared to the previous series. What is your view on the same and what is the outlook for Bank Nifty in May?


    BANK Nifty has outperformed the broader market and seen up move of 5% in the April series. We have seen lower rolls compare to last series as many shorts are not rolling their position and may opt to exit from system as immediate trend has got a grip in the bulls side. Risk - reward ratio is not flavoring after this strong rally and FIIs liquidity is also missing and that is one more reason for less rollover even after the strong market momentum in rate sensitive Bank index.

  • P


    Which are the sectors that are faring better in terms of rollovers and cost of carry?


    Better rollover with rising cost of carry is being witnessed in Fertilizers, Banking, FMCG and Capital Goods sectors.

  • D


    As per the current rollover positions can you suggest any three stocks that are likely to perform better in the May series?


    Hdfcbank has seen huge long rollover of more than 70% as of now and may extend its up move as heading towards uncharted territory. (Yesbank and Indusindbank are also attractive longs rollover) ARVIND has seen put writing activity and longs are rolling which may push it towards 305-310 zones.

  • J


    Implied volatilities have been consolidating throughout the April series. What is your take for the May series?


    India VIX / Volatility fell down in the March and hovering near to 16.50 zones with a flattish tone in the April series. Lower volatility indicates that participants are using the decline to add the position and lower VIX is ruling out the probability of any major decline in the market as of now. It may be in between 15.50 to 18.50 in the beginning of next series for couple of days.

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