Live Markets »News & Advice»F&O Updates»F&O Updates Details
F&O Updates Details
Back

Derivative strategy on Bank Nifty by Motilal Oswal Securities

Chandan Taparia/Mumbai 29 Aug 17 | 08:02 AM

Derivative strategy on Bank Nifty by Chandan Taparia of Motilal Oswal Securities:

Strategy: BANK NIFTY (BULL CALL SPREAD)

Related Stories

    No Related Stories Found
Widgets Magazine

BUY 1 LOT OF 24300 CALL

SELL 1 LOT OF 24600 CALL

Rationale:

1.       It has managed to hold above 24000 zones even after the selling pressure in last two week

2.       It has respected to its 50 DEMA and surpassed its falling supply trend line

3.       Intact Put open interest at 24000 and fresh Put writing at higher strikes suggests an up move

4.      Call writing at 24,500 could restrict its upside towards 24,500-24,600

5.      Thus a low risk, Bull Call Spread is recommended

BEP:

MAX RISK: 117 POINTS, Rs 4680

MAX REWARD: 182 POINTS, Rs 7320

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

Widgets Magazine

Sensex

Company Price Gain (%)
Wipro294.051.00
Coal India253.900.12

Poll

Given the current crisis at Infosys, what would your investment strategy in the company's stock be?



Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine