Derivative strategy on SBI by Motilal Oswal Securities
Here is derivative strategy on SBI by Sacchitanand Uttekar, Equity Technical Analyst & PFA at Motilal Oswal Securities:
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Bear Put Spread: SBI ( 23 FEB 2017)
Buy 240 PE 1 lot & Sell 230 PE 1 lot
Target Profit: 8,000 at Rs 230
Stoploss: 4000 at Rs 260
1) SBI is consolidating in past few trading sessions with not much incremental participation
2) Highest Call concentration for Feb series is at Rs 260 while move below Rs 250 could see selling pressure accelerating
3) Expecting rise in volatility in coming sessions, low risk hedge strategy Bear Put Spread is recommended.
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