SmartInvestor : Markets continue to trade in a narrow range since early trades today. The Nifty seems to be hovering around 6,150 levels. What is your call on the Nifty for Dec futures?
Navneet Daga : Nifty Dec futures, have an support aread of 6150-6100 zone, where the put OI is maximum near 6000 zone. So ahead of major key policy event markets will remain volatile. With near term bounce is expected towards 6250 zone.
SmartInvestor : L&T seems to be active in the options segment today. The stock has recently corrected from Rs 1,150 levels. What is your strategy on the stock for Dec options expiry?
Navneet Daga : Strategy on LT is to buy the dips towards 1040 zone, using covered call strategy is best with buy fut dec near 1060 and sell 1080 call options. Bounce is expected towards 1100 zone in LT
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