Check out the F&O trends in select stocks such as Maruti, Apollo Tyres, L&T, Adani Enterprises with Navneet Daga, Derivative Analyst at KR Choksey Securities:
SmartInvestor:Markets have come off their day's highs on profit taking and seems to remain range bound. Meanwhile, the Nifty seems to finding tough resistance at 6,800 levels. What is your take on Nifty options ahead of expiry on Wednesday?
Navneet Daga:Well Nifty for this expiry should remain range bound in 6750-6850 zone and expiry is most likely in this range. As at lower end 6700 puts hold the max OI and 6800 Call holds the maximum OI. Only on any trrigger above 6850 zone can trigger some short covering from call writers.
SmartInvestor:Maruti Suzuki has been active in the options segment. What is strategy for the auto major for May options expiry?
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