 "People walk past the Bombay Stock Exchange (BSE) building in Mumbai (Photo: Reuters)")
Here are a few trading ideas by Chandan Taparia, Derivatives and Technical Analyst & PFA at MOSL:
OPTION STRATEGY:
NIFTY : Bull Call Ladder Spread
Buy 9200 CE 1 lot
Sell 9300 CE 1 lot
Sell 9350 CE 1 lot
Target Profit: Rs 6000
Stop Loss: Rs 1500
Hedge : Buy Future above 9420
Rationale:
1. Nifty is in long-long unwinding cycle
2. Proximity to the highest call at 9200 and any unwinding in same could see momentum accelerating
3. Incremental addition in 9000 & 9100 PE could provide immediate support to the market
4. As we are participating in bullish momentum and to benefit from
