 "Derivative strategy on Axis Bank by Motilal Oswal Securities")
Derivative strategy on Axis Bank by Chandan Taparia of Motilal Oswal Securities:
Option Strategy:
STRATEGY: AXIS BANK : BULL CALL SPREAD
Buy AXIS BANK 530 CE 25 May 2017 @ 6.75
Sell AXIS BANK 550 CE 25 May 2017 @ 2.85
Target/Reward: 16,800
Also Read
SL/Risk: 7,200
Rationale:
1. Axis Bank has recently taken support near to Rs 505, and has given the highest daily close in last 11 weeks
2. Fresh Put writing at Rs 510-530 strikes suggests shifting of its support while unwinding in Rs 540 Call could lead the momentum
3. Indicating positive to range bound move this Bull Call Spread is recommended
Chandan Taparia is a Deivatives and Technical Analyst at Motilal Oswal Securities.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%