Check out the F&O trends in select stocks such as Infosys, IDFC, BHEL, Grasim, Nitin Murarka, Head-Derivatives, SMC Global:
SmartInvestor : Markets have edged higher in noon trades today. The Nifty has come off its highs and has been hovering around 7,300. What is your strategy for traders for Nifty options ahead of expiry next week?
Nitin Murarka : Most of the derivative data like FII flow Nifty option position and Nifty future buildup is suggesting that Nifty should move toward 7450-7500 in the current expiry. At current level option traders can buy 7350 or 7400 call option. If you are future trader than stop loss should be placed around 7300 future level in Nifty.
SmartInvestor : Infosys is also active in the options segment. The stock has registered contracts with strike price of Rs 3,200 call options. What is your strategy for May options expiry?
Nitin Murarka : Though Infosys is trading positive today but overall trend is negative for IT sector and for Infy. It has resistance around 3200 and any bounce should be used as selling opportunity. Stock has support around 3040. If 3040 is broken than stock can move towards 2900. Overall stock looks weak.
SmartInvestor : IDFC is also among the active stocks in the options segment with contracts Rs 140 strike call options. What is your strategy for May options expiry?
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