 "F&O strategies for HDFC, IOC: Shubham Agarwal")
SELL DEC 1260 CE
BUY 2 LOTS DEC 1300 CE
Target: Rs 2400
Stop Loss: Rs 600
Stop Loss: Rs 600
Lot of Bargain Hunting longs in HDFC Futures are getting carried forward, indicated by higher rollovers. There could be huge momentum once the stock sustains above Rs 1220. For trading this view ahead of long December expiry Call Back Ratio Spread is recommended
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BUY DEC 430 CE
Stop Loss :Rs 5
Target: Rs 20
Stop Loss :Rs 5
Target: Rs 20
IOC belongs to one of the very few pockets (OMCs), which has been in Long – Long Unwinding Structure. Option Standing indicates the stock still has headroom of ~3-5% in near term and the same is recommended to be traded with a Long Call.
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.
Shubham Agarwal is a head of Quantitative Research, Motilal Oswal Securities