Check out the F&O trends in select stocks such as Axis Bank, Reliance Infrastructure, Adani Enterprises, CESC and Dr Reddy's Labs with Parag Doctor, Head-Trading Strategies, LKP Securities:
SmartInvestor:Markets have remained range bound over the past few sessions. The Nifty has been trading way below 6,200 levels. What is your call on the Nifty for Jan futures expiry?
Parag Doctor:Nifty is expected to be range-bound broadly between 6000 and 6300 A short strangle in the Nifty by selling 6300 CE and 6000 PE can be deployed at a combined premium of 73 with a stop loss of 110 and target of 0.
SmartInvestor:Axis Bank is active in the options segment today. The private banking major has been in a correction mode from Rs 1,300 levels. What is your strategy on the stock for Jan options expiry?
Parag Doctor:Axis Bank is in a downtrend and could head towards the 1100 mark. A bear put spread can be initiated by buying 1150 PE and selling 1100 PE at a risk of 15 and reward of 28.
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