Check out the trends and strategies for select index stocks such as Idea Cellular, Tata Steel, ICICI Bank, DLF and Maruti Suzuki with Navneet Daga, Derivative Analyst at KR Choksey Securities:
SmartInvestor : Markets ended a seven-day losing streak on Thursday and have extended gains today so far. What is your call on the Nifty futures for Nov expiry?
Navneet Daga : Well Nifty had carried the momentum seen on last trading day, we believe for November series we might continue to be volatile between the range of 6000-6300. But overall expiry of November fut. is looking near 6200 levels.
SmartInvestor : Idea Cellular seems to be active in the options segment today. What is your strategy for the stock for Nov options expiry?
Navneet Daga : IDEA had moved up after significant correction. On upside huge resistance points are visible near 180 zone. Next upmove can start only above that levels.
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