Nifty June series expiry seen near 7,500 zone: Navneet Daga

Check out the F&O trends in select stocks with Navneet Daga, Derivative Analyst at KR Choksey Securities

Check out the F&O trends in select stocks such as BHEL, SBI, ITC, Aurobindo Pharma, Apollo Tyreswith Navneet Daga, Derivative Analyst at KR Choksey Securities:


SmartInvestor : Markets have weakened in noon trades after a steady start. The Nifty has been hovering around 7,450-7,460 levels as of now. What is your take on the Nifty for June options expiry?
    
Navneet Daga : Well the weakness on nifty continued with fresh selling visible, heavy weights likes of ITC and Infy dragging the index. Heavy writing on 7500 Call & Put options visible suggesting expiry to be very much near 7500 zone for June series.

    

SmartInvestor : BHEL has been active in the options segment today. What is your call on the engineering major for June options expiry?
    
Navneet Daga : BHEL had created some kind of bottom formation near 240 zone. Traders can create covered call with buying futures at 244 and selling 250 call. with keeping downside stop at 240 zone for june series.
    
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