Web exclusive: F&O trends and strategies

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

Check out the F&O trends and strategies for select stocks such as Reliance Comm, DLF, Sun Pharma, ITC and HDFC with Chandan Taparia, Derivative Analyst at Anand Rathi:

Smartinvestor : Markets are sharply down today after the RBI decided to reduce rupee liquidity. The Nifty is down near 5,950 levels as of now. What is your call on the Nifty for July options expiry?

Chandan Taparia : Nifty fell down sharply in the opening trade but expecting some support at around 5900-5880 zone. Nifty fell down sharply in the opening trade but expecting some support at around 5900-5880 zone. Put Call Ratio based on open interest of Nifty moving up from last couple of days with the support of Put writing at 5800 and 5900 strike. Rising Put Call ration indicates that market would find support on decline while 6050-6100 zone likely to act as a strong barrier on higher levels. On immediate basis if Nifty future sustains above 5960 then we may see an up move towards 6000 levels while holding below 5930 may take it to 5880 levels?

Smartinvestor : DLF is among the active stocks in the options segment with contracts at strike prices of Rs 170-180. What is your call on the realty major for July options expiry?

Chandan Taparia : DLF has seen built up of short position and not ready to move higher evenin positive trading day.. It was consolidated in between 172 to 185 levels, it broken the trading raneg ond ownside and facing more selling pressure.


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