How to trade Paytm amid wild swings. Anand James shares his strategy

economictimes.indiatimes.com:

Notwithstanding the wild moves seen in shares of Paytm in the last three weeks following the RBI ban on Paytm Payments Bank, Anand James, Chief Market Strategist at Geojit Financial Services, sees a trading play in the stock.

“Our upside objective is in the region of Rs 500-550, but would be mindful of the chances of major collapse, should we not get above Rs 430. An aggressive stance would be to have Rs 390 as the downside marker,” he said. Edited excerpts from a chat:

Following new peaks made by Nifty this week, how cautious would you be in the next week ahead of the monthly F&O expiry? What are the key levels to watch out for?
Anand James: As we step into the last week of February series, rollovers have started to gain momentum in Energy, Metal and Chemical stocks, with 85% of F&O stocks appearing to witness long buildup since last expiry and 53% on a week on week basis. Meanwhile, 11% of F&O stocks saw Short buildup since last expiry and 42% on a week on week basis. Long addition was visible in Cement, Capital goods, Oil, Auto and Pharma stocks since beginning of this expiry.

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Weekly data shows a different picture with 78% of IT and 59% of Financial services stocks witnessing Short buildup and 100% of Realty and Energy stocks witnessing Longs. In other words, we