Companies & Industry »Company News»Company News Details
Company News Details

BSE   15 Dec 17 | 12:00 AM

694.95 9.1 (1.33%)
Mkt Price (Rs)   Chg Rs (Chg %)
Code: 500470
Face Value: N.A.

NSE   15 Dec 17 | 12:00 AM

694.70 8.95 (1.31%)
Mkt Price (Rs)   Chg Rs (Chg %)
Code: TATASTEEL
Performance
1 Week : Rs 687.90 (1.02%)
1 Month : Rs 686.65 (1.21%)
1 Year : Rs 414.10 (67.82%)
change companytradenow
Back

Option strategy on Tata Steel by Motilal Oswal Securities

Chandan Taparia / Mumbai 16 Aug 17 | 07:50 AM

Option Strategy on Tata Steel by Chandan Taparia, Derivatives and Technical Analyst at MOSL:


TATASTEEL – BULL CALL SPREAD

Widgets Magazine

BUY TATASTEEL 620 CALL @ 15.00

SELL TATASTEEL 630 CALL @ 11.20

BEP : 623.80

KEEP SL : 4000

KEEP TARGET : 8000


Rationale:


1. Positive sector outlook and a fresh breakout in the stock

2. Put writing at 620 and 600 strike is supporting it to move higher

3. Call unwinding at 600, 610 and 620 strikes could take it to higher levels.

4. However, maximum Call OI at 640, may restrict its upside

5. Thus low risk Bull Call Spread is recommended


Disclaimer: The analyst may have positions in any or all the stocks mentioned above.

 

Widgets Magazine

Sensex

Company Price Gain (%)
M & M1,482.653.56
Coal India271.053.02
Dr Reddy's Labs2,372.002.52
HDFC Bank1,873.051.95
Adani Ports401.951.75

Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine