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July 29, 2011

F&O bets: What are the strategies for August series? 29-07-2011

Hemant Thukral of SBI Capital Securities recommends selling Nifty futures at 5400 Put and 5600 Call, with the total premium intake ranging between Rs 120-125. “The range for the client would be 5325 on the downside and 5775 on the upside in the next series.”

Meanwhile, Manoj Murlidhar, head of derivatives at IIFL Premia advises buying Nifty July put option at 5400 option for Rs somewhere close to Rs 68-70 profit and selling Nifty August put at 5400 for gains of Rs 42-44.

Further, Thukral puts forth a vanilla call strategy on Suzlon . “One can buy around Rs 55 call option with a stop-loss of Rs 52 and  a target of Rs 58-59 in the August series.”

On the other hand, Murlidhar suggests going long in rate sensitive counter- Hero Honda . "We have seen decent buying and rollovers in this stock. So, one can buy Rs 1850 August call option, keeping a stop loss of Rs 1836."

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