Catch Navneet Daga, Derivative Analyst, KR Choksey Securities talk extensively about the outlook for the Indian markets, derivative strategies and the road ahead for select frontline stocks.


Smartinvestor : We have seen seven day's of losses so far, and are down this morning again, based on the Nifty Open Interest, where do see the index headed

Navneet Daga : From last couple of session huge call writing activity is visible on nifty. While major put OI is seen at around 4800 levels, we think in this event driven market, since we have broken down on huge volumes on index, for coming november expiry we should be able to hold on to 4800 levels, but overall on positional basis the retest of sub 4700 levels on nifty is not rules out

Smartinvestor : At 4,850, the Nifty is a couple of percentage points away from the 4,700-4,800 support range, which has been held in the recent past. Do you expect the same to be held in the December series, and what does the option data suggest?

Navneet Daga : Periodiodically december had been the best month for the markets over the years, we believe if we are able to find some kind of global conclusion or even some ray of hope on global situtions then, we are likely to bounce back in December series.



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