Expiry, holiday-season weighing heavy on the market: Siddharth Bhamre

In a chat with ET Now, Siddharth Bhamre, Angel Broking, shares his market outlook.

ET Now: Your opinion on the Nifty it is extremely flat today quite unlike actually the last two days has been flattish quite unlike what we saw the previous one what do you expect this expiry to do purely for somebody just looking at this expiry how do you expect the next few trading hours to shape up?

Siddharth Bhamre: This expiry is coinciding with the global holiday season and that is the reason we are not seeing much of action in bigger stocks. The action is more on the midcap front.

If you see the rollovers they are not in-line with averages. I, am not expecting any volatility to happen today and tomorrow, too. It is quite possible that market may stay in a range tomorrow and if someone is looking for a strategy for tomorrow or till expiry then it is more of a range bound strategy. So select the strikes accordingly, and do short strangle or straddle according to your risk appetite.