Nifty can correct to 5,700 in October: Experts

In conversation with NDTV, Vishal Kshatriya, Senior Derivative and Technical Analyst, Edelweiss Advisors and Aditya Agarwal,VP-Derivatives, Way2wealth discuss the Nifty strategy of the day. Kshatriya recommends initiating an October series long straddle strategy at 5,700 for a spread cost of Rs 200 and a target of Rs 250. He also likes Axis Bank and Dena Bank in the near term. Agarwal sees the Nifty correcting in the month of October and has recommended initiating a bear put spread between 5,500 and 5,700 on the Nifty.