SmartInvestor: ITC counter seems to be active in the options segment today. The stock has remained range bound between Rs 310-320 for the past few sessions. What is your take on the FMCG major for Dec options expiry?
Parag Doctor: ITC needs to cross its 200 dma at 326 for further upsides towards 340 else stock will remain in the 310 to 325 zone. A short strangle trade by selling both December 340 CE and 310 PE can be initiated.
SmartInvestor: DLF also seems to be active in the options segment today. The stock seems to be facing tough resistance above Rs 160 levels. What is your call for the realty major for Dec options expiry?
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