Web exclusive: F&O trends for select index stocks

Check out the F&O trends and strategies for select index stocks with Navneet Daga, Derivative Analyst at Sharekhan

Check out the F&O trends and strategies for select index stocks such as Infosys, SBI, Tata Steel, Lupin among others  with Navneet Daga, Derivative Analyst at Sharekhan:

Smartinvestor : Market have taken a breather today after sharp gains on Friday. The Nifty has slipped below 5,600 level in early trades.What is your advice on the Nifty for July options expiry?

Navneet Daga : Well Nifty had fallen below 6000 levels, we expect markets to consolidate and even give away some gains to move in tight range from 5900-6050 for the july series. Index option writing is advisible going for july series expiry.

Smartinvestor : Infosys continues to remain active in the options segment with contracts at various strike prices between Rs 2,500-Rs3,100. What strategy can one deploy for the software major for July options expiry?

Navneet Daga : Well infosys ahead of the results was quoting on Implied vols of as high as 100 we belive now it would be on sideways movement in range of 2700-2850 range. So selling an strangle of the same range is making sense to us. Traders should be looking to gains from time value in these options.



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