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Option Strategy on Hindalco by Motilal Oswal Securities

Put writing at 205 and 210 strike could provide the support

Chandan Taparia  |  New Delhi 

hindalco

Option Strategy on by of Motilal Oswal Securities:
 
(BULL CALL SPREAD)

 
210 CALL @ 4.50
215 CALL @ 2.50
 
Rationale:
 
1. It has given a decisive consolidation breakout above 205
2. Positive sector outlook with built up of long suggest a fresh rally
3. Put writing at 205 and 210 strike could provide the support
4. Call unwinding in 210 and higher strike could take it to higher levels
4. Thus low risk strategy Bull Call Spread is recommended
 
RISK: 2 POINTS
REWARD: 3 POINTS
 
- Rs 5,000
- Rs 10,000
 
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.

First Published: Tue, July 18 2017. 08:15 IST
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