Smartinvestor : Markets are in a consolidation phase and the Nifty has slipped below 5,900 levels in the opening deals. How should one approach the F&O segment given the current scenario? Do you see the consolidation continuing in the short term?
Navneet Daga : Well we have approached the lower end of the trading band.
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Smartinvestor : State Bank of India, Axis Bank and Hexaware are among the most active securities on the NSE. What is yur view on these counters?
Navneet Daga : Well SBI looks interting for longs near 2285 levels for possible upside
Smartinvestor : 6,000 strike price call option and the 5,900 put options are among the most active contracts on the index options front. How should traders approach these contracts?
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