So what is the trade in banking stocks as we move into the fresh series?
Check out the derivative strategies with Dipesh Mehta, Derivative analyst, Nirmal Bang Securities.
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SmartInvestor : Markets have been pretty lackluster with no specific trend. Where do you see the September expiry this time?
Dipesh Mehta : Markets despite of being lackluster we are witnessing additions in OI in Nifty Futures for the current month
Dipesh Mehta : so i thinks markets can head lower from here upto levels of 5800-5850
Ankit Sharma : Is there any strategy to trade in this market and counter intra-day volatility?
Dipesh Mehta : Yes very much since there is a lot of positions on the long side as well as on the short side one can expect volatility in todays and tomorrows trading session
Dipesh Mehta : Hence I would recommed Long straddle at 5900 strike on Nifty
Dipesh Mehta : that is one can buy 5900 call as well as 5900 put ..the combined premium at present is near 70-75 and i see targets of 110-125 by today or tomorrow
SmartInvestor : Bank Nifty has fallen nearly 10% post RBI policy. Are you seeing fresh buildup of short positions on Bank Nifty and heavyweights like State Bank of India (SBI) and ICICI Bank?
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