Nifty options seeing strong support at 7,600: Gaurav Bissa

Check out the F&O strategies in select stocks with Gaurav Bissa, Derivatives Analyst, LKP Securities

Check out the F&O strategies in select stocks such as SAIL, BHEL, IRB Infra and Bajaj Auto with Gaurav Bissa, Derivatives Analyst, LKP Securities:

SmartInvestor:Markets seem to be consolidating after recent gains. The Nifty is seen trading betweeen 7,600-7,650 as of now. What is your strategy for Nifty July options expiry?

Gaurav Bissa:If one looks at the nifty option data then clear resistance was seen at 7600 level on account of considerable concentration in 7600CE.Nifty is trading comfortably above this level indicating renewed momentum...

Gaurav Bissa:Thus one can buy one lot 7600CE at 114 and sell two lot 7800CE at 28.The strategy will benefit from upside,also its a safer strategy in case Nifty drops a little

SmartInvestor:SAIL has been active in the options segment today. What is your strategy for the metal major for July options expiry?

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