Current momentum likely to take Nifty near 8,000 in June expiry: Navneet Daga

Check out the F&O trends in select stocks with Navneet Daga, Derivative Analyst at KR Choksey Securities

Check out the F&O trends in select stocks such as Coal India, JP Associates, L&T, Power Grid, IOC,  with Navneet Daga, Derivative Analyst at KR Choksey Securities:

SmartInvestor:Markets have surged to fresh record highs after the President's address to the Joint Parliament. What is your take on the current trends and your strategy for June options expiry?

Navneet Daga:Well the trend is clearly defined, markets remain very strong after the fresh breakout above 7350 zone, markets likely to keep surprising on upside with current momentum likely to take nifty towards 8000 levels for this expiry.

SmartInvestor:Coal India has been the top performer today and the stock is also active in the options segment. What is your strategy for June options expiry?

Navneet Daga:Best way to play this stock is currently is buying OTM call options, with trend is up and upside fresh high are visible. 420 call buy with target of coal india on upside of near 445 is possible.

SmartInvestor:JP Associates is also active in the options segment. What strategy can traders adopt for June options expiry?


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