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B. Venkatesh

THE following strategies are based on Friday's trading in the derivatives segment on the NSE:

BHEL: Sell July futures if the contract trades below 982. The downside target is 973-965. Place the protective stop at 990. The open interest position is about 25 per cent of the market-wide limit. The minimum order size is 300 units.

Bharti Tele: Sell July futures if the contract trades below 267. The downside target is 264-262. Place the protective stop at 271. The open interest position is about 20 per cent of the market-wide limit. The minimum order size is 1,000 units.

Satyam Computer: Sell July futures if the contract trades below 528. The downside target is 524-520. Place the protective stop at 532. The open interest position is about 10 per cent of the market-wide limit. The minimum order size is 600 units.

Position trade: Buy ITC July futures if it trades above 1671. The upside target is 1,698-1,705. Initiate the position with protective stop at 1,640.

The margin on the futures position is approximately 10 per cent of the contract value. The minimum order size is 150 units. No alternative strategies are possible, as options on the stock are not actively traded.

(The opinion expressed in this column is based on technical analysis. There is risk of loss in trading)

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