Check out the strategies for ITC, Ranbaxy, Cairn and Infosys by Ashish Chaturmohta, Vice President (Derivatives) at IIFL Wealth

Smartinvestor : What is your call on ITC in the options segment for Aug expiry?

Ashish Chaturmohta : ITC has seen strong call writing around 270 levels; which may act as a resitiance for the stock in this expiry. If managed to above which the index may see further short covering.

Smartinvestor : Oil exploration major Cairn is witnessing action at strike prices of Rs 340 and Rs 360 both on the put as well as call side. What is your take in the options segment for Aug expiry?

Ashish Chaturmohta : Cairn has given a breakout of 340 levels; now sustaining above 338 levels the stock can see further short covering and can be heading towards 355 levels.

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