Nifty strategy of the day
By Devina Menon | Published On: September 20, 2012 12:00 (IST) | Duration: 9 min, 20 sec
Chetan Jain, Derivative Analyst, Anand Rathi and Rikesh Parikh, Vice-President, Equities, Motilal Oswal Securities discuss the Nifty strategy of the day and stock queries on NDTV Profit. Jain expects a halt in the up move of the market. He, therefore, recommends taking a hedge position by initiating a bear put strategy. He also recommends buying call options in UCO Bank and TCS. Parekh believes that till expiry Nifty could see an upside till 5,700 and hence recommends a bull call spread strategy between 5,600 and 5,700. He is also recommending stocks like South Indian Bank and M&M.