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Check out the F&O trends for select stocks with Chandan Taparia, Derivative Analyst at Anand Rathi

Check out the trends and strategies in the derivative segment in select stocks such as Reliance Ind, SBI, United Spirits, Sun Pharma and Bata India with Chandan Taparia, derivative analyst at Anand Rathi:

Smartinvestor : Markets have turned volatile in late morning trades today. What is your take on the Nifty ahead of expiry of May derivative contracts and what strategy can traders adopt for the same?

Chandan Taparia : We are expecting market to trade in a narrow range of 6020 to 6140-6150 levels. Market is heading towards May expiry and now it is in the grip of Option sellers. Fresh Put writing seen at 6000 strike and fresh call writing seen at 6100 strike so Call seller and Put sellers are putting their pressure on the market.

Smartinvestor : State Bank of India continues to remain active in the options segment. The banking major has recorded contracts at various strike prices between Rs 2,050-2,200. What is your call on the stock in the options segment and what strategy can investors adopt at this point of time?

Chandan Taparia : Banking heavyweights SBIN witnessed fresh selling in previous week post result. Fresh Call writing seen at 2200 strike which is putting pressure on the stock.

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