Check out the F&O trends and strategies for select stocks such as Hindalco, L&T, JSW Steel, Yes Bank and Sesa Goa with Navneet Daga, Technical Analyst & Strategist - Derivatives Desk at KR Choksey Securities:
SmartInvestor : Markets have remained bullish over the past few sessions with the Sensex hitting 3-year highs in intra-day trades today. What is your call on the Nifty for Oct futures expiry?
Navneet Daga : Setup looks interesting and setup for markets to test new highs, heavy put writing is visible across the stream. Nifty is hovering near is important resistance zone of 6170-6200 levels. Closing above this level is important for the markets to make a dash towards new high.
SmartInvestor : Hindalco seems to be active in the options segment today. The stock seems to have resumed its uptrend after correcting from Rs 122 levels recently. What strategy can one deploy for Oct options expiry?
Navneet Daga : Metals pack on uptrend currently, hindalco is looking positive for upside of 120.
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