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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 

A man walks past an advertisement of Reliance Industries Limited at a construction site in Mumbai
A man walks past an advertisement of Reliance Industries Limited at a construction site in Mumbai

Option Strategy: (Call Ladder Spread)
 
Buy 1340 CE 1 lot


Sell 1400 CE 1 lot
Sell 1420 CE 1 lot
 
Rationale:
 
1.       Reliance has respected its multiple support of 1300 and formed a double bottom
 
2.      Fresh writing at 1340 PE could provide support while unwinding in 1340, 1360, 1380 could attract a bounce
 
3.      Maximum Call OI is at 1400 strike which could restrict its upside momentum.
 
4.      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 Securities.

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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 Option Strategy: (Call Ladder Spread)
 
Buy 1340 CE 1 lot
Sell 1400 CE 1 lot
Sell 1420 CE 1 lot
 
Rationale:
 
1.       Reliance has respected its multiple support of 1300 and formed a double bottom
 
2.      Fresh writing at 1340 PE could provide support while unwinding in 1340, 1360, 1380 could attract a bounce
 
3.      Maximum Call OI is at 1400 strike which could restrict its upside momentum.
 
4.      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 Securities.

image
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

Option Strategy: (Call Ladder Spread)
 
Buy 1340 CE 1 lot
Sell 1400 CE 1 lot
Sell 1420 CE 1 lot
 
Rationale:
 
1.       Reliance has respected its multiple support of 1300 and formed a double bottom
 
2.      Fresh writing at 1340 PE could provide support while unwinding in 1340, 1360, 1380 could attract a bounce
 
3.      Maximum Call OI is at 1400 strike which could restrict its upside momentum.
 
4.      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 Securities.

image
Business Standard
177 22