Nifty June series expiry seen around 7,500-7,520: Shshank Mehta

Check out the F&O trends in select stocks with Shshank Mehta, Independent Derivative Analyst

Check out the F&O trends in select stocks Bharti Airtel, ICICI Bank, ONGC, Bajaj Auto, Coal India with Shshank Mehta, Independent Derivative Analyst:


SmartInvestor:Markets are trading flat with the Nifty hovering way above 7,550 levels as of now. Where do you see the Nifty for June expiry tomorrow? How have been the market-wide roll-overs to the July series so far? What is your strategy going forward for the new series in July?

Shshank Mehta:I see Nifty June Series to expire around 7500-7520 levels. For the Jul Series market is looking at fresh triggers and till then will oscillate in a range of 7450 to 7650 levels. Selling a Strangle at these strike may be a good strategy at this point.
 

SmartInvestor:Bharti Airtel has been active in the options segment today.What is your strategy for the telecom major for July options?

Shshank Mehta:I observe BHARTI AIRTEL gaining bearish bias. I adivise traders to Sell Call Options at 340 strike, as it will act as a major resistance level for the stock

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