 "Derivative strategy for TCS from Motilal Oswal Securities")
Mentioned below is the derivative strategy for TCS:
OPTION STRATEGY:
TCS : Call Ratio Spread
SELL 2 LOTS JUN 2750 CE
Target: Rs 8000
Stop Loss: Rs 2000
Rationale: TCS is in long- long unwinding cycle. IT sector witnessed accumulation in last month and positive roll-over too. Unwinding in 2600 CE could augur fresh momentum on higher side. Considering long expiry and positive outlook, Call Ratio 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
OPTION STRATEGY:
TCS : Call Ratio Spread
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BUY 1 LOT JUN 2650 CE
SELL 2 LOTS JUN 2750 CE
Target: Rs 8000
Stop Loss: Rs 2000
Rationale: TCS is in long- long unwinding cycle. IT sector witnessed accumulation in last month and positive roll-over too. Unwinding in 2600 CE could augur fresh momentum on higher side. Considering long expiry and positive outlook, Call Ratio 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