Trends in the F&O segment

Find out trends in the F&O markets with Chandan Taparia, Derivative Analyst, Anand Rathi Financial Services

Find out trends in the F&O markets with Chandan Taparia, Derivative Analyst, Anand Rathi Financial Services

Smartinvestor : The markets seems to be range bound since early trades today. The Nifty is hovering around 6,000 levels after the correction on Friday. What is your take on Nifty futures for Feb expiry?

Chandan Taparia : Nifty future has been consolidating in a range of 5980 to 6120 levels from last more than 20 trading sessions. A range breakout in either side would give direction to the market. Put Call Ratio has fallen below psychological 1 level which indicates sustain selling at every rise. If Nifty future breaches below 5980 then market rally may fizzle out and it may test 5900-5880 levels on downside.

Smartinvestor : Infosys is witnessing action at strike price of Rs 2,800 levels in the options segment. What is your call on the stock for Feb expiry?

Chandan Taparia : After a strong move, now Infy is just consolidating and facing stiff hurdle around 2830-2840 levels.

Smartinvestor : Engineering major L&T has contracts at strike prices of Rs 1,600. What strategy should investors adopt for the stock for Feb options expiry?


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