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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
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

First Published: Fri, June 09 2017. 08:19 IST