It is a foregone conclusion, markets will be highly volatile on 16th of May. Traders can take advantage of this volatility by trading in options segment which depends on risk appetite of traders. One can go for long strangle strategy in Nifty by buying out of the money Call & Put options of June Month. This can give good returns in short span of time.
Stock which remains in focus are Adani Enterprise, BHEL, ICICI Bank, Axis Bank, PNB, SAIL, Hindalco, Crompton Greaves and Reliance Industries. We are expecting further bullishness in these stocks if election results are in favour of BJP.
- By ROHIT GADIA, FOUNDER & CEO, CAPITALVIA GLOBAL RESEARCH LTD