F&O market: ICICI Secs strategy on Dr Reddys, Bajaj Auto

The Indian market has been resilient and rangebound over the last few sessions. In an interview to CNBC-TV18, Amit Gupta of ICICI Securities says, right now, the Nifty option premiums are quite subdued.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Travelcafe
moneycontrol.com

Home » News » Stocks Views

Nov 10, 2012, 03.28 PM | Source: CNBC-TV18

F&O market: ICICI Sec's strategy on Dr Reddy's, Bajaj Auto

The Indian market has been resilient and rangebound over the last few sessions. In an interview to CNBC-TV18, Amit Gupta of ICICI Securities says, right now, the Nifty option premiums are quite subdued.

Like this story, share it with millions of investors on M3

F&O market: ICICI Secs strategy on Dr Reddys, Bajaj Auto

The Indian market has been resilient and rangebound over the last few sessions. In an interview to CNBC-TV18, Amit Gupta of ICICI Securities says, right now, the Nifty option premiums are quite subdued.

Post Your Comments

Share Cancel

Amit Gupta (more)

Head- Derivatives, ICICIdirect.com | Capital Expertise: F&O

The Indian market has been resilient and rangebound over the last few sessions. In an interview to CNBC-TV18, Amit Gupta of ICICI Securities says, right now, the Nifty option premiums are quite subdued.

He is recommending his clients a short strangle strategy in the month of December. “We feel that the option writers, which were quite aggressive in the current month, are writing the options of the next month. This is why the market is stuck-up in a range. I think it is better, if we start writing December options now to utilise this particular move of the market,” he elaborates. 

Dr. Reddy’s Laboratories , he says, has moved from Rs 1,700 to Rs 1,760 in the last one-and-a-half month, but the open interest has declined by almost 24 percent. “That gives me a sense that the shorts are slowly exiting from the stock. We can see further short covering in the coming sessions,” he adds.

Bajaj Auto , he says, has been trading near the lifetime highs, but the best part in the stock is that the open interest has not been very heavy. “If look at the last one-and-a-half month, the open interest has remained flat. That gives me a sense that there is a lot of move possible in Bajaj Auto from the current levels. My target for the stock is Rs 1,920,” he asserts.

Year 2013: Goldman Sachs bets on emerging markets, India

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
F&O market: ICICI Secs strategy on Dr Reddys, Bajaj Auto

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login