Web special: Nifty seen between 6,250 and 6,350 ahead of expiry

Check out the F&O trends in select stocks with Parag Doctor, Head-Trading Strategies, LKP Securities

Check out the F&O trends in select stocks such as M&M, Hindalco, Dabur, Wipro and Ambuja Cements with Parag Doctor, Head-Trading Strategies, LKP Securities:


SmartInvestor:Markets have retreated today post gains in the previous four sessions. Meanwhile, the Nifty has slipped below 6,300 after a period of consolidation. What is your call on the benchmark index for Jan futures expiry next week?

Parag Doctor:We expect Nifty to remain range bound between 6,250 and 6,350 ahead of expiry. Traders can go for short strangle Sell 6,200 Put at Rs 16 and 6,400 Call at Rs 9.75, combined stop loss at Rs 36, target 0.

SmartInvestor:M&M has been witnessing a weak trend in the past few sessions. The stock has remained active in the options segment today. What is your strategy for Jan options expiry?

Parag Doctor:M&M has been trading range bound with a negative bias in the past few sessions. One can for short strangle in M&M by selling 920 Call at Rs 4.35 and 860 Put at Rs 2.65, combined stop loss at Rs 11, target 0.


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