Web exclusive: F&O trends and strategies

Check out the F&O trends and strategies for select stocks with Chetan Jain, Dy Manager Derivatives Desk at Anand Rathi

Check out the F&O trends and strategies for select stocks such as Tata Steel, BHEL, Siemens, Sesa Sterlite and Axis Bank with Chetan Jain, Dy Manager Derivatives Desk at Anand Rathi:

SmartInvestor : Markets seems to be consolidating after recent gains. What is your call on the Nifty for Oct options expiry?

Chetan Jain : Nifty future which was facing major hurdle around 6170-6200 zone has breached and closed above this area, now if it holds these levels then next round of rally could not be ruled in coming days. Now any dip till 6150-6170 zone is a good buying opportunity with stop loss below 6070 and upside target of 6300-6350 levels. Option Traders can simply buy 6200 call at any dip with 30 point stop loss on premiums.

SmartInvestor : Tata Steel is active in the options segment today. The stock has been in an uptrend from Rs 290 levels. What is your call on the stock for Oct options expiry?

Chetan Jain : TATA STEEL has given an excellent breakout above 315-320 zone and now that becomes the immediate support levels and any dip till 320 zone should be bough for higher target of 350 levels in coming days. One can also buy out of the money call of 340 strike price@6 Stop loss 3 target of 12-15 levels in this expiry.

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