Smartinvestor : The Nifty has fallen sharply in the last few sessions and has broken most of the support levels. The benchmark index is trading flat today way below 5,600 levels. What strategy should traders adopt for the Nifty for April futures?
Chandan Taparia : Nifty has fallen down sharply in last two trading sessions by 200 points. It has broken the previous low of 5604 levels. Fresh Call writing seen at all higher strike and PCR oi based on open interest has fallen down to 0.88 levels.
Chandan Taparia : If Nifty fails to cross and hold 5660 then selling pressure may continue towards 5550-5520 levels.
Smartinvestor : Shree Renuka Sugars is among the most active in the options segment post the partial decontrol annoucement by the Cabinet. The stock has registered contracts at various strike prices on the call side between Rs 27.50 and Rs 32.50. What is your take on the stock for April futures?
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