Derivative strategy on HPCL from Motilal Oswal Securities

Mentioned below is the derivative strategy for HPCL from Motilal Oswal Securities

Derivative strategy on HPCL from Motilal Oswal Securities
Shubham Agarwal Mumbai
Last Updated : Apr 29 2016 | 6:04 AM IST
Mentioned below is the derivative strategy for HPCL from Motilal Oswal Securities:

Option Strategy: Hindustan Petroleum Corporation (Put Ratio Spread)

Buy May Rs 820 PE 1 lot

Also Read

Sell May 780 PE 2 lots

Target: 8,000                           

Stop Loss: 1,500

Rationale:

· Hindustan Petroleum Corporation (HPCL) is facing resistance at 840 level

· Unwinding in 840 put will augur move towards 800 levels

· Considering long expiry and falling volatility, Ratio put 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.Motilal Oswal Securities Limited is registered under SEBI (Research Analysts) Regulation 2014 SEBI Registration No :-INH000000412. MOSL or its associate might be involved in market making for the subject company or have potential conflict of interest.

Shubham Agarwal is a head of Quantitative Research, Motilal Oswal Securities
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First Published: Apr 29 2016 | 6:04 AM IST

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