Here is a derivative strategy on Marico by Nandish Shah of HDFC Securities

The stock price of Marico has broken out from the flag pattern on the daily chart

Plain Vanilla Option Strategy on MARICO

Buy MARICO FEB 505 CALL at Rs 6.65

Stop Loss: Rs 4

Target: Rs 12

Lot Size: 1000

Rationale:

We have seen long build up in the Marico future where we have seen 3 per cent addition (Prov) in Open Interest with price rising by 1 per cent
 

The stock price has broken out from the flag pattern on the daily chart.

The short-term trend of the stock is positive as stock price is trading above its 5 and 20 day EMA.

RSI oscillator is placed above 50 and sloping upwards on the daily chart, Indicating strength in the