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Check out the F&O trends in select stocks such as Tech Mahindra, Sun Pharma, Sun TV, Titan, Jindal Steel with Navneet Daga, Derivative Analyst at KR Choksey Securities:
SmartInvestor:Markets continue to trade weak today tracking global cues. Meanwhile, the Nifty seems to be holding above 6,050 levels as of now. What is your call on the index for Feb futures expiry?
Navneet Daga:Well we maintain our view on index to sell on rallies, the setup for the markets is interesting poised. Nifty had seen strong buildup on 6000 strike puts. Markets are likely to hold the support near to 6000 levels in near term.
SmartInvestor:Tech Mahindra is witnessing activity in the options segment today. What is your strategy for the stock for Feb options expiry?
Navneet Daga:Tech Mahindra had gone through consolidation/correction mode, but setup remains very strong for the stock, it had seen max buildup around 1900 call options. Trader can buy strike 1900 OTM Call for Feb series. Its most likely that stock might continue its uptrend towards that levels.
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