Web exclusive: F&O trends and strategies

Check out the F&O trends and strategies with Chandan Taparia, Derivative Analyst at Anand Rathi

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Checkout the trends and strategies in the derivative segment for select stocks such as Infosys, SBI, Yes Bank and Jubilant Foodworks with Chandan Taparia, derivative analyst at Anand Rathi:

Smartinvestor : Markets continue to trade weak weighed down by select index heavyweights and auto shares. The Nifty is trading near 5,960 levels. What is your call on the Nifty for June options expiry?

Chandan Taparia : Nifty fell down after facing sustain supply around 6110-6120 zone. Put Call Ratio also declined from higher levels indicating that Call writers are putting pressure on the market.

Chandan Taparia : Nifty future has immediate support at around 5930 zone; if it manages to hold 5930 and reverse back to 5980 then an up move may be seen towards 6130-6200 levels. If it manages to hold 5930 and reverse to 5980, then one can go for 6000 – 6200 strike Bull Call spread strategy to get the benefit of positive to range bound market movement.

Chandan Taparia : If Nifty future doesn’t take pause around 5930 and continue to slide below 5900 levels then weakness may continue in the market towards next support zone of 5800-5780 levels. In that case, hedge the longs by buying 5900 or 5800 strike puts.

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