The derivative analyst from HDFC Securities recomends this strategy based on the following five rationales.
Firstsource Solutions, Whirlpool of India, Birla Soft and Gujarat State Petronet will also be included in F&O segment w.e.f. October 29, 2021
Despite the current 7-day rally, the stock has underperformed the markets by gaining just 6 per cent in the past 6 months, compared to a 16 per cent surge by the S&P BSE Sensex
Retail participation in the F&O segment - especially that for options writers on expiry days - has already been impacted owing to these norms, which became effective from December 1
Zerodha expects F&O volumes to be impacted by 20-30%; new norms aimed at discouraging leveraged bets
There are over a dozen other companies which could be on the verge of entering the "ban period"
Number of stocks for derivatives rises 50% in three years