Derivative market strategies: ITC, Hero MotoCorp, Wipro

Check out how to play these news-based stocks with Chandan Taparia, derivative analyst, Anand Rathi Financial Services.


Smartinvestor : The Nifty has managed to hold on to the 6,000 level in trade today. Do you think that we can sustain at these levels, and even trend higher? What does the F&O data indicate?

Chandan Taparia : Nifty future has strong support at around 5980 levels. Till the time it holds above 5980 levels, immediate trend is positive and Nifty may head towards 6150 levels.

Chandan Taparia : Put Call Ratio based on open interest of Nifty has moved up in last couple of trading sessions from 1.05 to 1.11 levels.

Chandan Taparia : Rising Put Call ratio indicate that Put writer are expecting market to hold at higher levels.

Smartinvestor : What about Wipro, ITC and Hero MotoCorp that recently announced their December quarter results?


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