 "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 : CALL LADDER SPREAD
Buy 1 lot AXIS BANK 510 CE 29 June 2017 @ 16
Sell 1 lot AXIS BANK 530 CE 29 June 2017 @ 8
Sell 1 lot AXIS BANK 540 CE 29 June 2017 @ 5.50
Also Read
Target: 9000
Stop loss: 3000
Hedge: Buy above 545
Rationale:
1. Axis Bank has been holding near to 500 and forming the higher weekly lows
2. Maximum Put OI at 500 strike suggests hold of the support while intact Call writing at 520-530 would restrict its upside.
3. Indicating positive to range bound move this Bull Call Ladder is recommended
Disclaimer: 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%