I have short Delta Corp futures at Rs 79 in current series. Please suggest – Rajesh Dalvi

Delta Corp (Rs 80.5): The stock is ruling at crucial level. Immediate resistance appears at Rs 83.5 and the next one at Rs 91; a close above that level will take Delta Corp to Rs 106. On the other hand, it finds support at Rs 77.5 and a conclusive close below that level will weaken and drag it to Rs 68. A close below Rs 63 will change the outlook negative for the stock.

F&O pointers: The counter saw unwinding of open interest, though it was marginal. Options are not active.

Strategy: Consider holding your short position with a stop loss at Rs 83.5. Shift the stop loss if it ends below Rs 79.

I had shorted current Feb month series, Jindal Saw at Rs 140.45, Oriental Bank at Rs 272, Yes Bank at Rs 337.45 and Jubilant Foodworks at Rs 974. Suggest suitable . – Roshan Aliani

Jindal Saw (Rs 154.1): The stock is ruling at crucial level. One more conclusive close above Rs 152.5 will trigger a fresh rally for the stock. In that event it can go up to Rs 182 though in between Rs 165 could act as a minor resistance. Immediate support appears at Rs 135.

F&O pointers: Jindal Saw Feb futures shed open position on Monday. Options did not see any activity.

Strategy: Exit.

Oriental Bank (Rs 295.7): This is also ruling at critical level. It finds immediate resistance at Rs 308 and support at Rs 279. It finds next resistance at Rs 332.A fall below the aforementioned support could be severe and drastic. In that event, it can reach Rs 245.

F&O pointers: It added fresh shorts on Monday's trade. Options did not see any activity.

Strategy: If you can afford, hold it with a stop-loss at Rs 308. Shift the stop-loss trailing the bank price movement.

YES Bank (Rs 350.9): After moving in Rs 235-335 range, the stock broke the upper band finally and entered bullish zone. It now finds minor resistance at Rs 362 and all set to break its all time high level of Rs 382. It can achieve now Rs 445. Immediate support appears at Rs 324.

F&O Pointers : Yes Bank added fresh longs on Monday. Options are not that active.

Strategy: Exit

Jubilant Foodworks (Rs 1,005.5): It is one of the volatile stocks, which is ruling near all time high levels. As long as Jubilant Foodworks stays above Rs 865, the outlook remains positive. The stock can reach Rs 1,225, if it sustains that level.

F&O pointers: The Jubilant Foodworks futures shed open positions. Options are not that active.

Strategy: Exit.

NOTE: The analysis and opinion expressed in this column are based on F&O data available at this point of time and on technical analysis based on past price movements. There is risk of loss in trading.

Feedback may be sent to >f&o@thehindu.co.in ; >blfuturesoptions@gmail.com

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