Web Exclusive: Should you still bank on ICICI Bank, Karnataka Bank?

Both these stocks are in news today. Track the trading strategies for these two counters and other key stocks with Chandan Taparia, derivative analyst, Anand Rathi Financial Services.


Smartinvestor : The Nifty is testing the 5,700 mark in trade today. How do you see the markets panning out for the remaining part of the October series?

Chandan Taparia : Nifty future has been trading in a narrow range of 5650 to 5750 levels since past six trading sessions, a range breakout on either side may give direction to the market.

Chandan Taparia : Looking at Option Open Interest data, Maximum Put OI is at 5600 strike and Call OI is at 5800 followed by 5900 strike.

Chandan Taparia : Yesterday we observed fresh Put writing at 5600 strike which indicates that on decline 5600 is likely to act as a strong support.

Smartinvestor : Do you track PVR, Karnataka Bank and ICICI Bank?



Click here for the full transcript