Derivative strategy on Ambuja Cements by Motilal Oswal Securities

Derivative strategy on Nifty by Sacchitanand Uttekar, Equity Technical Analyst & PFA at MOSL

Here is derivative strategy on Nifty by Sacchitanand Uttekar, Equity Technical Analyst  & PFA at Motilal Oswal Securities:

Option Strategy:

   

Ambuja Cements: Bull Call Spread (Jan series)

Buy 225 CE 1 lot

Sell 230 CE 1 lot

Target: Rs 10,000                     

Stoploss: Rs 2500

Rationale:

1. Ambujacem has witnessed incremental built-up in past few trading session

2. Stock is trading near its highest call concentration at 220. Unwinding in same could lead to option trigger

3. As we are playing momentum, Bull Call Spread is recommended

Disclaimer: Motilal Oswal Securities ( MOSL ) is regulated by the Securities and Exchange Board