SmartInvestor : Market have been very volatile today. The Nifty seems to finding strong support at 7,600 levels. What is your advice to traders ahead of the Budget tomorrow?
Shshank Mehta : My view on the Nifty Futures is bearish below 7650. I also see strong resistance at 7725 levels. Traders with bearish view can average by adding to their short position in case of any recovery in market. I would remain bearish unless Nifty Futures give a decisive close above 7725...
SmartInvestor : TCS is active in the options segment today. What is your call on the IT major for July options expiry?
Shshank Mehta : So ideally, one should short at current levels and on rise upto 7725 as above this the probability of markets moving up is very high.
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