 "Derivative strategy on Tech Mahindra by Motilal Oswal Securities")
Derivative Strategy on Tech Mahindra by Chandan Taparia, Derivatives & Technical Analyst, Motilal Oswal Securities:
TECH MAHINDRA : BULL CALL SPREAD
View: Positive to range bound
BUY 1 LOT OF 640 CALL
NET PREMIUM PAID: 8.20 POINTS
KEEP SPREAD SL: 4.20 POINTS (RISK OF Rs. 4800/-)
KEEP SPREAD TARGET: 15 POINTS (REWARD OF Rs. 8160/-)
RATIONALE:
1. It has been respecting to its multiple support of 603-605 zones
2. Volume surge, positive price pattern and strong closing
3. Rising call activity suggests momentum
4. Thus, suggesting bull call spread to get the benefit of positive to range bound move
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.
TECH MAHINDRA : BULL CALL SPREAD
View: Positive to range bound
BUY 1 LOT OF 640 CALL
Also Read
SELL 1 LOT OF 660 CALL
NET PREMIUM PAID: 8.20 POINTS
KEEP SPREAD SL: 4.20 POINTS (RISK OF Rs. 4800/-)
KEEP SPREAD TARGET: 15 POINTS (REWARD OF Rs. 8160/-)
RATIONALE:
1. It has been respecting to its multiple support of 603-605 zones
2. Volume surge, positive price pattern and strong closing
3. Rising call activity suggests momentum
4. Thus, suggesting bull call spread to get the benefit of positive to range bound move
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.
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