Web special: TCS seeing good accumulation and buying interest

Check out the trends and strategies for select index stocks with Navneet Daga, Derivative Analyst at KR Choksey Securities

Check out the F&O trends and strategies for select index stocks such as TCS, SBI and Tata Steel with Navneet Daga, Derivative Analyst at KR Choksey Securities:

SmartInvestor : Markets continue to extend losses today. Have the markets entered a consolidation phase after sharp gains which pushed both the benchmark indices to all-time highs? What is your call on Nifty futures for Nov expiry?

Navneet Daga : Nov Series look like a broad consolidation in range of 6000 to 6300 levels. Immediate support near 6100 levels is visible but on every rise selling pressure might continue. Selling strangle on nifty with 6000 put and 6300 call making sense to us.

SmartInvestor : TCS seems to be active in the options segment and has been among the gainers in the Sensex. What strategy can one deploy for the IT major for Nifty options for Nov expiry?

Navneet Daga : IT pack looking good overall in seen of dollar gaining strength, CNXIT at fresh new highs, TCS seeing good accumulation and buying interest. Looking good for the move towrads 2250 levels in the near term.


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