Chandan Taparia of Anand Rathi told CNBC-TV18, "We have seen better rollover in Nifty and stock wise we are observing better rollover and this series is starting with a positive sense. We have seen a slight decline in volatility by 5 percent which is giving the sense that market is taking this event in a positive way but the market is likely to remain highly volatile but the stock specific movement may continue."
"We are picking LIC Housing Finance. Recently it has taken support near Rs 450 zone and moving after the consolidation of last 15 trading sessions, it has crossed and closed above immediate hurdle of Rs 480 zone and now all set to move towards Rs 510-520. Overall trend of the stock is positive and after a small consolidation it is again set to move on higher side," he said.
"We are suggesting to go for the option strategy, buy 490 Call, sell 520 Call in the entire strategy. Our view is if the stock moves towards Rs 520 then we are going to get benefit of Rs 20. So it is a good strategy in terms of risk reward ratio. We are expecting the stock to move towards Rs 520 on the higher side."
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