Zomato & Paytm In F&O: Mitesh Panchal's Trading Strategy

On Friday, November 29, the NSE introduced F&O contracts for 45 additional stocks, including popular names like DMart, LIC, Paytm, and Zomato, marking a significant shift in the trading landscape for new-age tech stocks. Mitesh Panchal from miteshpanchal.in, shares his insights on how these changes will affect these stocks. According to Mitesh, the inclusion of these new-age stocks in the F&O space often leads to a phase where short-sellers capitalize on the volatility, using it as an exit opportunity. He explains that two types of interest will arise: speculative interest and hedging interest. This may lead to the end of the marathon rallies we have seen in the past, as traders will now hedge their positions and engage in short-term trading.Mitesh advises caution when approaching these stocks, suggesting that they should be traded with a technical viewpoint, using trailing stop-losses to manage risk.

On Friday, November 29, the NSE introduced F&O contracts for 45 additional stocks, including popular names like DMart, LIC, Paytm, and Zomato, marking a significant shift in the trading landscape for new-age tech stocks. Mitesh Panchal from miteshpanchal.in, shares his insights on how these changes will affect these stocks.

According to Mitesh, the inclusion of these new-age stocks in the F&O space often leads to a phase where short-sellers capitalize on the volatility, using it as an exit opportunity. He explains that two types of interest will arise: speculative interest and hedging interest. This may lead to the end of the marathon rallies we have seen in the past, as traders will now hedge their positions and engage in short-term trading.

Mitesh advises caution when approaching these stocks, suggesting that they should be traded with a technical viewpoint, using trailing stop-losses to manage risk..