Smartinvestor : Markets have remained volatile since early trades today. The Nifty after struggling to break past 5,800 in early trades has slipped below 5,730 as of now. What is your call on the Nifty futures for AUG expiry?
Ashish Chaturmohta : Nifty future holds crucial support at 5700 levels, where also its maximum OI for put option is seen around 59 lakhs shares held, if it breaks and sustains below 5700 levels, we may see selling pressure intensify towards 5610-5580 levels.
Also Read
Smartinvestor : Reliance Comm is among the active stocks in the options segment with contracts at strike prices of Rs 140-150. What strategy can one adopt for AUG options expiry?
Ashish Chaturmohta : Overall Telecom space has witnessed good positive rollovers and are trading strongly at current levels. RCOM till it sustains above 128 levels where its support is seen, buying interest will remain in the stock. On the upside, I expect the stock to target towards 150-158 levels in short term.
For detailed transcript please CLICK HERE