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Derivative Strategy on Tech Mahindra by Chandan Taparia, Derivatives & Technical Analyst, Motilal Oswal Securities:
TECH MAHINDRA : BULL CALL SPREAD
View: Positive to range bound
BUY 1 LOT OF 640 CALL
SELL 1 LOT OF 660 CALL
NET PREMIUM PAID: 8.20 POINTS
KEEP SPREAD SL: 4.20 POINTS (RISK OF Rs. 4800/-)
KEEP SPREAD TARGET: 15 POINTS (REWARD OF Rs. 8160/-)
RATIONALE:
1. It has been respecting to its multiple support of 603-605 zones
2. Volume surge, positive price pattern and strong closing
3. Rising call activity suggests momentum
4. Thus, suggesting bull call spread to
TECH MAHINDRA : BULL CALL SPREAD
View: Positive to range bound
BUY 1 LOT OF 640 CALL
SELL 1 LOT OF 660 CALL
NET PREMIUM PAID: 8.20 POINTS
KEEP SPREAD SL: 4.20 POINTS (RISK OF Rs. 4800/-)
KEEP SPREAD TARGET: 15 POINTS (REWARD OF Rs. 8160/-)
RATIONALE:
1. It has been respecting to its multiple support of 603-605 zones
2. Volume surge, positive price pattern and strong closing
3. Rising call activity suggests momentum
4. Thus, suggesting bull call spread to
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