Web exclusive: F&O trends and strategies

Check out the trends and strategies for select stocks with Nandish Patel, Derivative Analyst at Sharekhan

Don't want to miss the best from Business Standard?

Check out the trends and strategies for select stocks such as Infosys, SBI, Mah & Mah and L&T  with Nandish Patel, Derivative Analyst at Sharekhan


Smartinvestor : Markets have been trading range bound after the RBI kept key policy rates unchanged. What is your call on the market and strategy for the benchmark index for June options expiry?

Nandish Patel : On Friday, inspite of market being up by 100 points, we have seen short positions have built up at higher levels as Nifty futures has added 23k shares in open interest with premium shifting into discount. The VWAP levels of 5850 might act as a stiff hurdle and unless and until market is trading below this level, we think that market may witness a bounce but 5850 on closing basis will act as a hurdle.

Smartinvestor : SBI has been the most active stock in the options segment today. Charts indicate that the stock has bottomed out at Rs 2,000 levels. What strategy can one adopt for June options expiry?

Nandish Patel : SBIN is been holding firmly above 2000 levels. Even on the option side, 2400 strike has seen good activity. Today inspire of the negative announcement for banking stock the stock has seen sharp move towards day’s high. From trading prospective we think 2400 might act as a strong support. However on higher side 2500-2530 is the hurdle.


For detailed transcript please CLICK HERE