Derivative strategy on Tata Steel from Motilal Oswal Securities

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

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

Option Strategy: Tata Steel (Call Ratio Spread)

Buy 430 CE 1 lot, Sell 450 CE 2 lots

•         Tata Steel is in long -long unwinding cycle

•         Positive sector outlook along with robust rollover provides decent opportunity for momentum to continue

•         Considering stable volatility in sector, Ratio Call Spread is recommended

Target: Rs 8000 (At 440)  
Stop Loss: Rs 2000                          

 

Hedge: Above Rs 450

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