Derivative strategy for Infosys from Motilal Oswal Securities

Here is the derivative strategies on Infosys from Sacchitanand Uttekar of Motilal Oswal for trade today:

Option Strategy :  INFY (Long Call Condor Spread)

Buy 1060 CE Sep 1 lot

Sell 1080 CE Sep 1 lot

Sell 1100 CE Sep 1 lot

Buy 1120 CE Sep 1 lot

Target: Rs 7750 (Between 1080-1100)

Maximum Loss: Rs 2250

Rational:

Infy is consolidating in band of 1020-1060

Unwinding in 1060 CE could propel momentum on higher side

Considering we are playing momentum, low risk Long Call Condor Strategy is recommended

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

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel