Exclusive: Trading strategies for sugar, FMCG and IT stocks

Check out the trading strategies for the F&O segment with Navneet Daga, derivative analyst, KR Choksey Securities

Check out the trading strategies for the F&O segment with Navneet Daga, derivative analyst, KR Choksey Securities



Smartinvestor : The markets have started the new week on a quiet note. Do you see a build-up of shorts ahead of the Union Budget and the F&O expiry next week?

Navneet Daga : Well this Feb series continues short buildup is visible, signalling from the low cost of carry in the markets, the premium is shrinking of cash to future alomst from 50 points to 5 points, suggesting shorts in the system.

Smartinvestor : Are there any stocks from the Nifty pack that are seeing an aggressive build-up of short positions?

Navneet Daga : Lots of short positions were visbile on Oil and Gas and metals counters.

Smartinvestor : What about the defensives - FMCG and Pharma? Are there any stocks in these two sectors that can be bought at the current levels?

Navneet Daga : Well CIPLA near 380 looks good for 5% upmove, while Hul near 360 levels is very interesting picks for longs

Smartinvestor : Sugar stocks have gained ground in today's session. Do you track Bajaj Hindusthan, Shree Renuka and EID Parry?



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