Derivative strategies for Dabur, HUL from Motilal Oswal

Here are a few derivative strategies from Sacchitanand Uttekar, Equity Technical Analyst, Motilal Oswal Securities for trade today:

DABUR JULY FUT.

Reco: SELL

Last Close: Rs 311

Target : Rs 293

‘Double Top’ formation on the daily scale coupled with an Impulse wave indicates shift in momentum. Pullbacks towards Rs 313 would make the setup favorable for fresh shorts with a stop at Rs 323.30 & a target up to Rs 293.

 
OPTION STRATEGY

HINDUSTAN UNILEVER: Modified Bull Call Spread

Buy July 920 CE 1 Lot                      

Sell July 940 CE 1 Lot                       

Buy July 840 PE 1 Lot

Target:  Rs 12000                                   

Stop Loss: Rs  2000

Rationale: Hindustan Unilever is in Long- Long Unwinding cycle. Positive sector outlook along with long rollover provides decent opportunity to participate on long side. Unwinding in 900 CE could augur directional upward momentum.  Considering  stable volatility ,modified Call Ratio spread is recommended


Disclaimer: Motilal Oswal Securities ( MOSL ) is regulated by the Securities and Exchange Board of India ("SEBI") and is licensed to carry on the business of broking, depository services and related activities. MOSL is in the process of getting registered under SEBI - Research Analyst Regulations. MOSL, the spokesperson or his relatives, do not have financial interest in the securities mentioned above. The spokesperson has not served as a director, employee or officer at the subject company in the last 12 months. MOSL or its associate might be involved in market making for the subject company or have potential conflict of interest.

Sacchitanand Uttekar is an Equity Technical Analyst at Motilal Oswal Securities