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Option strategy on Nifty by Motilal Oswal Securities

Nifty failed to cross 9700 and broken immediate support of 9580 zone

Chandan Taparia  |  Mumbai 

Sensex, Nifty, Markets

Option Strategy:

: BEAR PUT SPREAD
Buy 9600 PE 1 lot
Sell 9500 PE 1 lot

Target: 4950                     
SL: 2550

Rationale:

1.       failed to cross 9700 and broken immediate support of 9580 zone

2.       It has been lower lows from last five sessions

3.       Fresh writing at 9600 & 9700 CE could drag the index to lower levels

4.       Put unwinding in in 9600 strike also suggest that bears are getting grip for a profit booking decline

5.       Thus low risk / Hedge strategy Bear Put Spread is recommended

Disclaimer: is a Derivatives and Technical Analyst at Motilal Oswal Securities. 

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Option strategy on Nifty by Motilal Oswal Securities

Nifty failed to cross 9700 and broken immediate support of 9580 zone

Nifty failed to cross 9700 and broken immediate support of 9580 zone
Option Strategy:

: BEAR PUT SPREAD
Buy 9600 PE 1 lot
Sell 9500 PE 1 lot

Target: 4950                     
SL: 2550

Rationale:

1.       failed to cross 9700 and broken immediate support of 9580 zone

2.       It has been lower lows from last five sessions

3.       Fresh writing at 9600 & 9700 CE could drag the index to lower levels

4.       Put unwinding in in 9600 strike also suggest that bears are getting grip for a profit booking decline

5.       Thus low risk / Hedge strategy Bear Put Spread is recommended

Disclaimer: is a Derivatives and Technical Analyst at Motilal Oswal Securities. 
image
Business Standard
177 22

Option strategy on Nifty by Motilal Oswal Securities

Nifty failed to cross 9700 and broken immediate support of 9580 zone

Option Strategy:

: BEAR PUT SPREAD
Buy 9600 PE 1 lot
Sell 9500 PE 1 lot

Target: 4950                     
SL: 2550

Rationale:

1.       failed to cross 9700 and broken immediate support of 9580 zone

2.       It has been lower lows from last five sessions

3.       Fresh writing at 9600 & 9700 CE could drag the index to lower levels

4.       Put unwinding in in 9600 strike also suggest that bears are getting grip for a profit booking decline

5.       Thus low risk / Hedge strategy Bear Put Spread is recommended

Disclaimer: is a Derivatives and Technical Analyst at Motilal Oswal Securities. 

image
Business Standard
177 22