Cairn India can test Rs 300: Sharekhan
Check out the outlook and trading strategies for a whole host of stocks with Nandish Patel, Derivative Analyst, Sharekhan.
Smartinvestor : Markets seem to be consolidating after the rally in the past two sessions and ahead of the RBI policy meet tomorrow. What are the cues for the Nifty from the futures and options segment ahead of the expiry?
Nandish Patel : We had seen very good addition in 5000 & 5100 put option & today discount has turned into a marginal premium but PCR ratio has seen a continuos uptick so i feel going forward we may see a correction upto 5000-4950 levels. Overall bias is positive & we recommend to buy on dips.
Smartinvestor : What is your take on L&T ahead of the results? What's happening in the stock on the futures front?
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Sensex
| Company | Price | Gain (%) |
|---|---|---|
| GAIL (India) | 336.30 | 3.37 |
| Tata Steel | 408.25 | 2.43 |
| DLF | 188.45 | 1.89 |
| St Bk of India | 2,005.00 | 1.74 |
| Larsen & Toubro | 1,186.40 | 1.54 |

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