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Derivative strategy on Reliance Industries by Motilal Oswal Securities

Derivative strategy on Reliance Industries by Chandan Taparia of Motilal Oswal Securities

Chandan Taparia  |  Mumbai 

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Derivative strategy on by of Motilal Oswal Securities:
 
Option Strategy:  (Call Ladder Spread)


 
Buy 1340 CE 1 lot
Sell 1400 CE 1 lot
Sell 1420 CE 1 lot
 
Rationale:
 
Reliance has respected its multiple support of 1300 and formed a double bottom.
 
Fresh writing at 1340 PE could provide support while unwinding in 1340, 1360, 1380 could attract a bounce.
 
Maximum Call OI is at 1400 strike which could restrict its upside momentum.
 
Thus low risk Call Ladder Spread is recommended.
 
TARGET: Rs 10,000 
                   

STOP LOSS: Rs 4,000

Hedge: Buy Future Above 1,460
 
Disclaimer: is a Deivatives and Technical Analyst at
 

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Derivative strategy on Reliance Industries by Motilal Oswal Securities

Derivative strategy on Reliance Industries by Chandan Taparia of Motilal Oswal Securities

Derivative strategy on Reliance Industries by Chandan Taparia of Motilal Oswal Securities Derivative strategy on by of Motilal Oswal Securities:
 
Option Strategy:  (Call Ladder Spread)
 
Buy 1340 CE 1 lot
Sell 1400 CE 1 lot
Sell 1420 CE 1 lot
 
Rationale:
 
Reliance has respected its multiple support of 1300 and formed a double bottom.
 
Fresh writing at 1340 PE could provide support while unwinding in 1340, 1360, 1380 could attract a bounce.
 
Maximum Call OI is at 1400 strike which could restrict its upside momentum.
 
Thus low risk Call Ladder Spread is recommended.
 
TARGET: Rs 10,000 
                   

STOP LOSS: Rs 4,000

Hedge: Buy Future Above 1,460
 
Disclaimer: is a Deivatives and Technical Analyst at
 
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Business Standard
177 22

Derivative strategy on Reliance Industries by Motilal Oswal Securities

Derivative strategy on Reliance Industries by Chandan Taparia of Motilal Oswal Securities

Derivative strategy on by of Motilal Oswal Securities:
 
Option Strategy:  (Call Ladder Spread)
 
Buy 1340 CE 1 lot
Sell 1400 CE 1 lot
Sell 1420 CE 1 lot
 
Rationale:
 
Reliance has respected its multiple support of 1300 and formed a double bottom.
 
Fresh writing at 1340 PE could provide support while unwinding in 1340, 1360, 1380 could attract a bounce.
 
Maximum Call OI is at 1400 strike which could restrict its upside momentum.
 
Thus low risk Call Ladder Spread is recommended.
 
TARGET: Rs 10,000 
                   

STOP LOSS: Rs 4,000

Hedge: Buy Future Above 1,460
 
Disclaimer: is a Deivatives and Technical Analyst at
 

image
Business Standard
177 22