F&O trends in select index stocks

Find out trading strategies in the F&O segment for select index stocks with Nandish Patel, Derivative Analyst, Sharekhan.

Find out trading strategies in the F&O segment for select index stocks with Nandish Patel, Derivative Analyst, Sharekhan.

Smartinvestor : Markets seems to be consolidating at current levels after the correction in the past few sessions. The Nifty has been hovering around 5,950. What is your call on the benchmark index for Feb futures expiry?

Nandish Patel : The PCR started February series at 0.90 and since then is been below the mark of 1 and majority of the positions in index have been rolled on short side this series followed by Nifty trading below its weekly volume weighted average price of 6085. The above derivative data point suggest that the overall trade setup for the market is negative. Also going forward mark of 6000 on closing basis might act as stiff resistance.

Smartinvestor : TCS has been in an uptrend from Rs 1,300 levels since the last week of January. The stock is among the most active in the options segment with strike prices from Rs 1,350-1,450. What is your call for Feb options expiry?

Nandish Patel : Good amount of long positions were accumulated around levels of 1350 and a turn around in USDINR further supported TCS inch closer towards its all time high.

Smartinvestor : NTPC has firmed up today post its encouraging response to its share sale. The stock has registered contracts at strike prices of Rs 150 and Rs 160 in the options segment. What strategy should investors adopt for the stock for Feb expiry?

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