Mr. Miraj Vora is a derivative analyst working with Anvil Share and Stock Broking form the past two years. In the past, he had worked with Anad Rathi as a derivative analyst for one year. He has earned a Bachelor of Science in Business Administration degree from Troy State University and Master of Commerce from University of Mumbai. He has also completed forex and risk management course from World Trade Institute (WTI).

yogita.khatri:042826 : Hello.. Welcome to myiris live chat...
miraj.vora:043328 : Hello every one
Kunal:043130 : What would be the best strategy for this range bound market
miraj.vora:043453 : In a range bound market on can alway look for an opprtunity so write straddles and strangles
Kunal:043401 : From whose perspective should we view the options data the buyer or seller as one buy there is a seller
Hope:043510 : does this seem to be a good time to invest in the market
miraj.vora:043526 : where you can write out of the money call and put and eat away the premium .
miraj.vora:043641 : in a option market always see from a seller prespective as he is the guy who takes unimited risk for a limited gain, the buyer has a fixed loss upto the premium he pays
Hope:043623 : when is it best to invest in the market
miraj.vora:043742 : thus we always look from the sellers prespective as we think they are more smart when they take unlimited risk
miraj.vora:043859 : this is a range bound market and from past six months index has not move so be stock specific
Hope:043947 : which is the best stock to invest in as i am a student working part-time so have limted cash so dont know which stock to invest in
miraj.vora:044146 : select the stocks which are in defensive sector as you are a student have limited cash
miraj.vora:044308 : go for good pharma company or ntpc which is a good goverment company which can give good returns on long term basis
miraj.vora:044344 :
Hope:044250 : defensive sector would be?
miraj.vora:044653 : defensive sector are the companies which pay good divedend such as pharma companies
miraj.vora:044744 : you can invest in adani power which will grow in next 4 to 5 years
Shiva:045005 : PCR is dropping what would be the impact will market correct or will we move higher
DK:044511 : how do you view telecom sector?
miraj.vora:045334 : see PCR OI currently is in the safe zone. till the time it remains in between 1.1 to 1.3 it will not give any major indication but since volatilities are near low if pcr oi breaks 1.00 mark it will be dangerous and markets can slip
miraj.vora:045433 : telecom sector down side seems to be limited as it has seen good cerrection now it can enter into consolidation phase
Dineshcnagpal:050131 : What is your view on Hindustan Lever? Any option trade you would suggest?
avinash:050050 : What stocks you think will perform?
miraj.vora:050336 : hll 230 call has seen good action so can look in that option stocks looks positive
miraj.vora:050412 : stocks like psu banking and infrastructure can outperform
Sid:050357 : how much do you goldman sach fraud affecting the market is a correction waiting to happen upto what levels
miraj.vora:050548 : goldman sachs will have impact on the market in my view it was a more sentimental impact which is gone now will be stock specific if the financial bill will be passed regading ban on pro tradng then thise stocks will see some selling
miraj.vora:050648 : and one has to be bearish below 5080 only till then it can be a bull market and this fall should be treated as correction
Dineshcnagpal:050654 : Can we short / buy puts of ICICI BANK?
miraj.vora:050901 : icici bank i will say go for a put hedge buy the future and buy the put so that your down side will be protected
Sid:050919 : any stocks sector with good derivative arbitrage oppurtunities
miraj.vora:050940 : or even safe will be a bull call spread with buying 920 call and selling 940 call
miraj.vora:051035 : currently there is an arbitrage opportunity with tatamotor future and tatamotors dvr which is trading 20% below the stock
miraj.vora:051111 : a dvr is a diffrential voting rights share where you dont get a voting right and a added advatage of additional 5% in divedens
miraj.vora:051127 : rest all is as equtiy so a good arbtrage is available here
priya:051107 : What are your top 5 calls? n the one you would avoid?
miraj.vora:051338 : top 5 picks can be gspl, ifci, gmr infra, bpcl and hul will be my top 5 picks currently
Sid:051323 : with good results whats ur views in the IT sector
miraj.vora:051439 : and i would like to avoid trades in nifty and be stocks specific
Dineshcnagpal:051507 : You mention TATA MOTORS, wont the hike in CRR, REPO, REV REPO be -ve for the stock
miraj.vora:051604 : IT sector will be more linke to the global events as dollar risk. as a derivative analyst i have seen short built up and also technically it looks weak as good result are already priced in
miraj.vora:051746 : the crr hike done in the previous monetary and also done today has yet not been passed to the customer we have no seen any banks increase their lending rates, but yes comming out of this lose monetary policy will have impact on auto stocks
Aditya1107:052115 : hi miraj where the nations facing heavy debts should be not avoid derivatives as a tool
miraj.vora:052226 : in the current expiry tatamotors have not seen any price movement but the open interest has coem down so we can say people are liquidating there position
Bluechips:052051 : Would wirting MAY 5400 Call and 4900 Put at current price be a nice strategy
miraj.vora:052349 : there is a problem of fiscal defict but we have to see that we have a fiscal defict of 6.2% of gdp which is not so significant
miraj.vora:052405 : and derivative is a tool to hedge your exsisting risk
miraj.vora:052457 : Compared with U.K
miraj.vora:052529 : and us which has 10 % and above
Aditya1107:052457 : as a analyst wht kind of profile of people you would say should do derivative
miraj.vora:052612 : yaa it will be a good strategy but be sure that volatility are near low
miraj.vora:052627 : so be careful while writing options
miraj.vora:052949 : a CA,CFA,MBA who has a good knowledge of the derivative market as this a fairly complex product and there are many criteria which one has to see. when i was in anandrathi where i got trained for derivative we had people who were ca and cfa and now i am working at anvil here also people with a finance background and good knowledge of the derivative market should use this market
miraj.vora:053311 : once the derivative market soon will be linked with actual delivery mecanism will make it more complex so one shuold always be qualified to handle the risk managment in the trade he takes
yogita.khatri:053413 : Thank you for your participation in our live chat session, nice to have you!
yogita.khatri:053458 : We thank Mr. Vora for answering all of your questions. Thank you all for participating in the live chat. We has welcome you all to our future chat..
miraj.vora:053729 : than you every one
miraj.vora:053833 : thank you every oneThat is the end of the chat session for today.
Thank you all for logging in.
Till then its bye from us.