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Derivative strategy on Ambuja Cements by Motilal Oswal Securities

Sacchitanand Uttekar/Mumbai 20 Jan 17 | 08:40 AM

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


Option Strategy:

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Ambuja Cements: Bull Call Spread (Jan series)


Buy 225 CE 1 lot

Sell 230 CE 1 lot


Target: Rs 10,000                     

Stoploss: Rs 2500


Rationale:


1. Ambujacem has witnessed incremental built-up in past few trading session

2. Stock is trading near its highest call concentration at 220. Unwinding in same could lead to option trigger

3. As we are playing momentum, Bull Call 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.

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