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F&O strategies for Hindalco, Tata Motors from Geojit BNP Paribas

Here are a few derivative strategies from Geojit BNP Paribas in trade today

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Geojit BNP Paribas Financial Services Kerala
Last Updated : May 31 2016 | 9:41 AM IST
Here are a few derivative strategies from Geojit BNP Paribas in trade today:

HINDALCO 105CE

LTP : Rs 4.45

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Action : BUY

Targets : Rs 5.65 / Rs 6.7

Stop-loss : Rs 2.35

Comment :
Having closed near to the day's high backed by volume, the option is expected to continue uptrend. OI has shown 71% addition along with rise in price also indicates further bullishness.


TATA MOTORS 430CE

LTP : Rs 17.7

Action : BUY

Targets : Rs 19.96 / Rs 22.1

Stop-loss : Rs 13.8


Comment : Having moved strongly and closed near to the day's high, the stock could continue the uptrend which could propell the option price. Also OI has shown 56.2% rise along with price supporting the uptrend.
 
Disclaimer: This report has been prepared by Geojit BNP Paribas Financial Services Limited (GBNPP), here in after referred to as GBNPP. GBNPP, a publicly listed company, is engaged in services of retail broking, credit, portfolio management and marketing investment products including mutual funds, life and general insurance and properties. Each recipient of this report should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this report (including the merits and risks involved). This document is not for public distribution and has been furnished to you solely for your information and must not be reproduced or redistributed to any other person. Persons into whose possession this document may come are required to observe these restrictions. Opinion expressed herein is our current opinion as of the date appearing on this report only. While we endeavor to update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice.

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First Published: May 31 2016 | 9:11 AM IST

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