Must Read: Trading strategies for auto, banking and FMCG stocks

Markets have gained ground in today’s session tracking global cues. Should you use this rally to exit stocks? Check out the trading strategies with Chandan Taparia, derivative analyst, Anand Rathi Financial Services.


Smartinvestor : Do you think that the markets can sustain at these levels? What are the trends that you are picking up from the F&O data?

Chandan Taparia : Nifty future has broken the trading range but recovered well and again trading near 5700 levels. Nifty fell but Put OI at 5600 strike was intact which supported to market to hold 5620 levels. Put Call ratio is hovering near 1 levels, which indicates that bulls and bears both are fighting to get thier grip on the market.

Chandan Taparia : Volatility had fallen and test 30 months low levels. Lower volatility suggests that there wont be major panic in the market and it is likely to trade in range bound manner for next coming sessions.

Smartinvestor : What are your top three BUY ideas at the current levels?

Chandan Taparia : Auto stocks have seen better rolls in last series and we have observed fresh built up of longs in most of them.

Chandan Taparia : Bajajauto is set for a weekly breakout and showing strong momentum. It may head towards 1930 levels. M&M also showing momentum and may head towards 940-950 levels.



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