Check out the trading strategies for key frontline and mid-cap stocks with Navneet Daga, derivative analyst, KR Choksey Securities.
Smartinvestor : The markets have started the new week on a cautious note. Do you expect the Nifty to drift lower ahead of the IIP data and Infosys' results later this week? What are you advising your clients?
Navneet Daga : We think from here on we are moving into consolidation mode between the range of 5650 to 5850 range on nifty with profit taking to take nifty towards 5680 levels before making any decisive break on upside. So its best to create a short strangle kind of strategy on nifty by selling 5600 put and 5900 call for the current month.
Smartinvestor : What is your view on the consumer durables pack, especially stocks like Bajaj Electricals, Gitanjali Gems and Titan?
Navneet Daga : Titan looks the best among the mentioned stocks traders should look to accumulate near 260 levels this stock. While other are non F&O scrips.
Smartinvestor : Do you like anything in the mid-cap pack for a long / short position?
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