Check out the F&O trends and strategies for select stocks such as Maruti Suzuki, Tata Motors, IndusInd Bank, Titan and Dr Reddy's Labs with Chandan Taparia, Derivative Analyst at Anand Rathi:
Smartinvestor : Markets have firmed up in late trades after a range bound trading session in the first half. The Nifty is fast approaching 6,100 levels. What is your call on the Nifty for May futures expiry?
Chandan Taparia : Nifty future has moved well by mor ethan 11% in last five weeks from 5480 to 6100 levels and still holding the gains with positive momentum.
Chandan Taparia : Put Call Ratio based on open interest of Nifty moved up from 1.08 to 1.23 levels with the support of Put writing at all lower strikes,
Chandan Taparia : Fresh Put writing seen at 6000 strike so that is likely to act as a major support for the market on decline. If Nifty future manages to hold above 6050 then momentum may continue towards 6150-6200 levels.
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