Web exclusive: ITC trading near crucial support zone

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 BHEL, ITC, Petronet, United Breweries and Dabur with Chetan Jain, Dy Manager Derivatives Desk at Anand Rathi:

SmartInvestor:Markets seem to be range bound in the past few sessions. The Nifty is unable to hold on to 6,200 levels so far. What is your call on the Nifty for Jan futures?

Chetan Jain:Nifty future after a long consolidation in last few trading sessions with continuous fall in implied volatilities is now likely to give reversal from the current levels implying volatile move may be seen in coming trading session. To play volatility on either side one can go with Long Strangle Strategy by buying 6100 put@60 and buying 6300 call@50 ; Total premium paid:110 ; Traders can keep stop loss of 70 and target of 180-200 levels on premiums.

SmartInvestor:BHEL seems to be active in the options segment today. The stock has remained range bound after recent gains. What is your strategy for the stock for Jan options?

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