Mentioned below is the derivative strategy for TCS from Motilal Oswal Securities:
Option Strategy: TCS (Long Call)
Buy APR 2450 CE
Target: Rs 50
Stop Loss: Rs 12
Rationale: TCS is in long- long Unwinding Cycle. Highest open interest in 2400 PE should act as immediate support whereas unwinding in calls could trigger fresh momentum. As we are playing momentum, Long Call 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
Option Strategy: TCS (Long Call)
Buy APR 2450 CE
Also Read
Stop Loss: Rs 12
Rationale: TCS is in long- long Unwinding Cycle. Highest open interest in 2400 PE should act as immediate support whereas unwinding in calls could trigger fresh momentum. As we are playing momentum, Long Call 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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