Markets extended losses in the morning session this Monday on back of selling pressure witnessed in banks and capital goods stocks.
India VIX, the key gauge for market volatility, gained over 7 per cent to 26 levels today as investors remained concern ahead of the July-September quarterly earnings. Infosys, country's second-biggest software exporter will unveil its second quarter results on October 11
As we move into October, what should be the investment strategies and stock calls ahead of the earnings season?
Check out the trading strategies with Navneet Daga, Derivative Analyst, KR Choksey Securities.
SmartInvestor : Are you bearish on the market going ahead?
Navneet Daga : We believe markets can remain choppy ahead of earning session in mist of global cues. Buying near support level of 5700 make sense to us for october series.
SmartInvestor : Are you bearish on the market going ahead?
Navneet Daga : We have to approach markets with the mindset of buying near imp support levels and selling any major rallies near 6000 levels. Lot of marco headwinds is visible for markets, so supply pressure might continue on index.
SmartInvestor : What levels are important buy levels ?
Navneet Daga : If markets hang on to 5740 levels on downside and starts to see reversal than buying with the support of 5700 levels, where maximum put OI concentratin is visible is sensible idea.
SmartInvestor : India VIX has spiked over 7 per cent in today's trades. Will market volatility be on the higher side for the month of October?
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