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B. Venkatesh

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

ICICI Bank: Sell July futures if the contract trades below 483. The downside target is 480-474. Place the protective stop at 490.

The open interest position is about 15 per cent of the market-wide limit. The minimum order size is 700 units.

M&M: Sell July futures if the contract trades below 640. The downside target is 637-634.

Place the protective stop at 645. The open interest position is about 10 per cent of the market-wide limit. The minimum order size is 625 units.

Position trade: Buy NDTV August futures if it trades above 232. The upside target is 250-252. Initiate the position with protective stop at 222.

The margin on the futures position is approximately 25 per cent of the contract value. The minimum order size is 1,100 units.

No alternative strategies are available, 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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