Check out the F&O trends in select stocks such as Arvind Mills, L&T, BHEL, Biocon and RIL with Chandan Taparia, Derivative Analyst, Anand Rathi:
SmartInvestor : Markets have been trading weak ahead of expiry of June series later today. How have the roll-overs to the July series been so far? What is your strategy for Nifty July options?
Chandan Taparia : Nifty rollovers is better compared to the last 2-3 series in percentage terms but as far as number of contracts it is still in-line. Market is near to major support zone of 7,520-7,500. Till it holds we may see range bound movement, below that consolidation phase may turn into selling pressure. It is better to hedge the position ahead of the Budget.
SmartInvestor : Arvind Mills is active in the options segment today. What is your take on the textile major for July options expiry?
Chandan Taparia : Arvind Mills stock has been making higher tops/bottoms and trading near to its life time high zone. It is performing for last 8 series and momentum may continue. One can go for bull-call spread buy buying 230 call and sell 250 call.
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