Nifty July futures seen between 7,500-7,650: Shshank Mehta
Check out the F&O strategies in select stock with Shshank Mehta, Independent Derivative Strategist
SmartInvestor:Markets have been firming up after recent consolidation. The Nifty is trading above 7,550 as of now. What is your strategy for Nifty July options?
Shshank Mehta:Nifty Futures between 7500-7650 is in no man's land. A break-out trade will be highly porfitable. Traders with a bearish bias may short Nifty at current and double quantity near 7650 levels to trade at minimum risk and vice-versa. However, traders who are not aggressive may resort to buying a Call Option at 7650 strike and a Put Option at 7500 strike and wait till things fall in place.