Check out the F&O trends in select stocks such as Reliance Ind, Tata Motors, ONGC, Ranbaxy Labs, JP Associates with Navneet Daga, Derivative Analyst at KR Choksey Securities
SmartInvestor : Markets have surged today led by index heavyweights. The Nifty has regained 6,200 level but seems to be facing resistance as it approaches 6,250 mark. What is your call on the benchmark index for Jan futures?
Navneet Daga : Nifty remain under range bound trading, with upside capped near 6290 and downside floor towrads 6150 zone. No major long short trade is currently visible in this range.
SmartInvestor : Reliance Ind is witnessing activity in the options segment today. What is your strategy for the stock at current levels for Jan options expiry?
Navneet Daga : Lot of news flow around oil and gas sector, reliance had major support near 840 levels, upside limited towards 890 zone. Traders should initiate covered call trading strategy in reliance, wtih stop loss placed at 840
SmartInvestor : Tata Motors which has remained range bound for the past one month is also active in the options segment today. What strategy can one deploy for the auto major for Jan options?
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