Check out the F&O trends and strategies for select stocks such as Yes Bank, Idea Cellular, IndusInd Bank, Havells India and LIC Housingwith Chandan Taparia, Derivative Analyst at Anand Rathi:
SmartInvestor : Indices have surged to 3-year highs in late trades today. Is the momentum likely to continue and what is your call on Nifty futures for Nov expiry?
Chandan Taparia : CNX Nifty made 3 years high of 6269.20 and holding the momentum and till it doesnt go below 6200 levels, strength would be there in the market.
Chandan Taparia : As of now Nifty two times expired above 6100 levels (Dec 2010 - 6102 & May 2013 - 6124).. It would be highest expiry above 6124 levels.
Chandan Taparia : If Nifty sustains above 6250 levels then rally may extend towards 6320-6350 levels (6357 is life time high of Nifty)
SmartInvestor : Yes Bank has been in an uptrend from Rs 300 levels. The stock is trading firm today. What is your take on the stock for Nifty options expiry?
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