 "Derivative strategy for Nifty from Motilal Oswal Securities")
OPTION STRATEGY
Nifty Reverse Iron Condor Spread
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Buy July 8400 CE 1 lot
Buy July 8100 PE 1lot
Sell July 7900 PE 1 lot
Sell July 8600 CE 1 lot
Target: Rs.6500
Stop Loss: Rs. 3500
Rationale: Nifty data shows option indicative band for July series at 8000-8500. India Vix, volatility Index, The sentiment indicator inch above 18%, indicating expected cautiousness ahead of global event. Considering rising volatility, Hedge strategy, Reverse Iron Condor 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. MOSL is in the process of getting registered under SEBI - Research Analyst Regulations. MOSL, the spokesperson or his relatives, do not have financial interest in the securities mentioned above. The spokesperson has not served as a director, employee or officer at the subject company in the last 12 months. MOSL or its associate might be involved in market making for the subject company or have potential conflict of interest.
Sacchitanand Uttekar is an Equity Technical Analyst at Motilal Oswal Securities
