Derivative strategy on Infosys by Motilal Oswal Securities

Derivative strategy on Infosys by Sacchitanand Uttekar, Equity Technical Analyst & PFA at MOSL

Here is derivative strategy on Infosys by Sacchitanand Uttekar, Equity Technical Analyst  & PFA at Motilal Oswal Securities:

Option Strategy:

INFOSYS MODIFIED BULL CAL SPREAD

BUY 960 CE 1 LOT

SELL 1000 CE 1 LOT

SELL 900 PE 1 LOT

Target: Rs 12000               

Stoploss: Rs 4000                 

Hedge: Sell Future below 910

Rationale:

1. INFY witnessed good accumulation in OI and positions were Rolled over to February series
2. Stock is trading near its highest Put congestion indicating support in place
3. Move above 960 could lead to option trigger
4. As we want to participate bullish momentum,