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Derivative strategy on Cairn India from Motilal Oswal Securities

Sacchitanand Uttekar/Mumbai 13 Dec 16 | 08:25 AM
Related to : Cairn India Ltd
 Cairn India Ltd
tradenow

BSE   24 Apr 17 | 04:01 PM

282.85  -2.65 (-0.93%)

NSE   24 Apr 17 | 03:58 PM

283.05  -2.55 (-0.89%)

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

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Option Strategy:

CAIRN:  Call Ladder Spread

Buy 275 CE 1 lot

Sell 280 CE 1 lot

Sell 285 CE 1 lot

Target: 12,000   

SL: 3,000      

         

Hedge: Buy future above 287.5

Rationale:

1.      Cairn is in Long- Long Unwinding Cycle

2.      Positive sector outlook along with unwinding in ATM CE could see stock inching higher towards 280.

3.       Since we are playing momentum, Call Ladder Spread 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

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