 "Here's a derivative strategy on RBL Bank by Nandish Shah of HDFC Securities")
Buy RBL Bank Oct 150 Put at Rs 9
Lot Size: 2600
Stop Loss: Rs 7
Target: Rs 14
Rationale:
Also Read
- Short build up is seen in the RBL Bank Futures’ where we have seen 2%(Prov) rise in the Open Interest with Price falling by 5%
- Stock price has broken down on the daily chart where it closed below the multiple support of 163 levels
- Primary trend of the stock is negative where stock price is trading below its important moving averages.
- -DI is trading below +DI while ADX is placed above 25, indicating weakness in the uptrend.
==============================
Disclaimer: Nandish Shah is Technical Research Analyst at HDFC Securities. He doesn't hold any position in the stock. Views are personal.
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%