Check out the trading strategies in select index stocks such as Bajaj Auto, Tata Steel, ONGC and TCS with Chetan Jain, Dy Manager (Derivatives Desk) at Anand Rathi Financial Services:
Smartinvestor: Markets have slipped in post noon trades after being range bound since early trades. What is your call on the Nifty options for Oct expiry?
Chetan Jain: Nifty has given sign of reversal from the crucial hurdle zone of 6170-6200 levels and till the time Nifty future is trading below this zone selling pressure may remain continue for coming days. Traders can buy slightly out of the money put option to hedge the long positions as well as for trading. Conservative traders can go with Bear Put Spread Strategy: by Buying 6100 Put@95; Sell 6000 put@60; max Risk: 35; Max Reward: 65; BEP: 6065
Smartinvestor: ONGC seems to be active in the options segment. The stock has remained rangebound in the past few sessions. What strategy can one deploy for Oct options expiry?
Chetan Jain: Today entire Oil & Gas sector was seeing good buying interest with aggressive long built up especially in CAIRN, ONGC, PETRONET stocks. Among these counters ONGC still holding the gains and looks attractive for fresh rally towards 290-295 levels in coming trading sessions. One can simply buy out of the money 290 call@4.5 ; Stop Loss 2.5 Target 10
For detailed transcript please CLICK HERE
Smartinvestor: Markets have slipped in post noon trades after being range bound since early trades. What is your call on the Nifty options for Oct expiry?
Chetan Jain: Nifty has given sign of reversal from the crucial hurdle zone of 6170-6200 levels and till the time Nifty future is trading below this zone selling pressure may remain continue for coming days. Traders can buy slightly out of the money put option to hedge the long positions as well as for trading. Conservative traders can go with Bear Put Spread Strategy: by Buying 6100 Put@95; Sell 6000 put@60; max Risk: 35; Max Reward: 65; BEP: 6065
Smartinvestor: ONGC seems to be active in the options segment. The stock has remained rangebound in the past few sessions. What strategy can one deploy for Oct options expiry?
Chetan Jain: Today entire Oil & Gas sector was seeing good buying interest with aggressive long built up especially in CAIRN, ONGC, PETRONET stocks. Among these counters ONGC still holding the gains and looks attractive for fresh rally towards 290-295 levels in coming trading sessions. One can simply buy out of the money 290 call@4.5 ; Stop Loss 2.5 Target 10
For detailed transcript please CLICK HERE
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%