Check out the F&O trends and strategies for select stocks such as BHEL, Tata Steel, Mah&Mah and ICICI Bank with Shshank Mehta, Derivatives Strategist at Shah Investors' Home:
SmartInvestor : The Nov contracts set to expire today. How are the rollovers to the Dec series and what is your call on the Nifty for December futures?
Shshank Mehta : The rollover at T-1 were moderate; however, a more accurate view can be build only on today's data on closing basis. A strong rollover (say above 70% in Nifty) will be indicative of continuing of the downtrend. Current series will expire below 6050 today.
SmartInvestor : BHEL has been actively trading in the F&O segment this series. The stock is active in the options segment today. What is your call on the capital goods major for December options expiry?
Shshank Mehta : We are bullish on BHEL for Dec'13 expiry; the counter is facing some resistance at 150 levels; today's settlement above 150 levels will catapult the counter to 166. In BHEL Stock Options we observe highest Open Interest at 140 strike in Puts hinting at the volatility that may be seen in Dec'13 expiry.
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