Smartinvestor : Markets have remained range bound for most part of the trading session today. The Nifty seems to be hovering around 5,600 levels so far. What are the trends for the index for April futures expiry?
Chetan Jain : Nifty has taken strong support near around 5500 levels where huge put writing was seen and now pullback ramian continue till 5650-5680 levels. Traders can play with 5600 call buy around @75 sl 50 tgt 125-140 levels.
Smartinvestor : Infosys is the most active stock in the options segment. The software major has witnessed contracts at various strike prices. What is your call on the stock for April options expiry?
Chetan Jain : Ahead of Result on Friday for Infosys we are advising our client option strategy: go for Long Butterfly: SELL INFY 2800 PUT @ 104 & SELL 2900 CALL @ 96 BUY INFY 2600 PUT @ 42 & BUY 3100 CALL @ 29
Chetan Jain : NET INFLOW : 129 POINTS MAX RISK : 71 POINTS MAX REWARD : 129 POINTS LBEP : 2670 UBEP : 3029 (PROFIT - IF INFY REMAINS IN BETWEEN 2670 TO 3029 LEVELS)
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