Check out the F&O trends in select stocks such as Tata Motors, RComm, ONGC, Titan, UPL with Nitin Murarka, Head-Derivatives, SMC Global:
SmartInvestor : Markets seem to be consolidating after sharp gains recently. The Nifty has recovered and is trading above 7,700 as of now. What is your advice to traders on the benchmark Nifty for July options?
Nitin Murarka : Almost all the derivative data is still positive and FII are continuously buying since last 4 trading session in both cash and derivative segment. They bought around 4500 crores in cash segment in last 4 trading session. Nifty has strong support around 7600 levels as we have observed put writing at 7600 strikes put option. During this correction we would recommend to buy Nifty futures or Nifty option strikes 7700, 7800 call options with Nifty stop loss of 7600. Nifty can test 7900 levels next week.
SmartInvestor : Tata Motors is active in the options segment today at strike prices between 470-500. What is your strategy for the auto major for July options?
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