Web exclusive: F&O trends and strategies

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

Check out the trends and strategies for select stocks such as Reliance Comm, United Spirits, L&T and SBI with Nandish Patel, Derivative Analyst at Sharekhan:


Smartinvestor : Markets have extended gains for the third straight day. The Nifty has been trading above 5,850 so far. What is your call on the market at current levels and your advice to traders during the week for July options expiry?

Nandish Patel : Inspite of more than 2% rise in the market on Friday’s session, we have seen short positions built up by market participants. Overall bias for the market is positive as we are trading above our volume weighted average price (VWAP) of 5841, so we may see momentum may continue up to 5900-5920.

Smartinvestor : United Spirits (McDowell) is among the most active stocks in the options segment today with contracts at strike prices ranging from Rs 2,000 -2,300. What is your call on the stock at current levels and what strategy can one adopt for July options expiry?

Nandish Patel : This counter remained in pressure for the last series after making a new high. Since expiry, this counter is been building momentum. We had seen a huge addition also taking place in 2300 strike call option & we feel that once this counter closes above 2300 levels, the next target would be 2500-2600. Overall setup is positive & we have given a buy call also in 2400 strike call option for targets of 100 to 150.

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