Web special: Nifty seen consolidating between 7,100-7,500

Check out the F&O trends in select stocks with Navneet Daga, Derivative Analyst at KR Choksey Securities

Check out the F&O trends in select stocks such as  DLF, L&T, Tata Steel, IRB Infra, Wiprowith Navneet Daga, Derivative Analyst at KR Choksey Securities:

SmartInvestor:The Nifty continues to trade way above 7200 in today's session. What is call on the benchmark index for May options expiry?

Navneet Daga:Well after the event of election had gone through, we believe markets are likely due for consolidation in range of 7100-7500 levels, with positive bias

SmartInvestor:DLF is active in the options segment today. The stock seems to have a sharp run in the previous sessions. What is your strategy for the stock for May options?

Navneet Daga:Markets are favouring high beta space currently, DLF have stiff resistance near 178-180 zone, only break above would invite fresh short covering and momentum. Best way to play is buy 180 Call for may series on the break above 178 levels. For upside tgt of 200 levels.

SmartInvestor:L&T is also witnessing activity in the options segment today. What strategy can investors deploy for the engineering major for May options expiry?


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