Sudarshan Sukhani of s2analytics.com advises traders to buy Sterlite Industries Put.
Sukhani told CNBC-TV18, “The index is a short. Now what tomorrow brings is different. But we suggest carrying the short positions ideally as Nifty Puts and carry them for tomorrow. There are any numbers of opportunities; most of them are unfortunately on the short side. Sterlite is now ready for a sharp dip- that’s a positional trade infact and Puts can be purchased for that.”
On Feb 05, Sterlite Industries (India) was quoting at Rs 107.80, down Rs 1.90, or 1.73%. It has touched an intraday high of Rs 109.50 and an intraday low of Rs 107.15.