Priyanka Tiwari
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Suspense crime, Digital Desk : If you're navigating the exciting (and sometimes tricky!) world of Futures and Options (F&O) trading, you'll want to hear the latest picks from Ashish Bahety of Navia Markets Ltd. He's shared some interesting strategies, highlighting a particularly juicy options trade in Tata Chemicals that he believes could deliver "huge profits."
Let's break down his recommendations:
First up, Tata Chemicals. Bahety is eyeing the 1060 Call Option. His advice is to buy this option if it's trading around the ₹32-33 mark. He suggests setting a stop-loss at ₹20 to manage risk, while he's looking at a potential target price for this option between ₹55 and ₹70. That's a pretty significant upside if it plays out!
Beyond this specific option play, Bahety also has his sights set on a few stocks in the futures market:
On the broader market front, Bahety also shared his view on the key indices. For the Nifty, he sees support in the 22200-22250 band, with resistance likely around 22450-22500. For Bank Nifty, the support level he's watching is 47400-47500, while resistance could be encountered near 48000-48200.
As always with F&O trading, these are strategies that come with their own set of risks and potential rewards. Bahety's insights offer a technical perspective for traders looking for specific entry and exit points, but it's crucial to do your own research and manage your capital wisely.
