Derivative strategy on Reliance Industries by Motilal Oswal Securities

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Derivative strategy on Reliance Industries by Chandan Taparia of Motilal Oswal Securities:


Option Strategy:  RELIANCE INDUSTRIES (Call Ladder Spread)


Buy 1340 CE 1 lot

Sell 1400 CE 1 lot

Sell 1420 CE 1 lot




Reliance has respected its multiple support of 1300 and formed a double bottom.


Fresh writing at 1340 PE could provide support while unwinding in 1340, 1360, 1380 could attract a bounce.


Maximum Call OI is at 1400 strike which could restrict its upside momentum.


Thus low risk Call Ladder Spread is recommended.


TARGET: Rs 10,000 


STOP LOSS: Rs 4,000

Hedge: Buy Future Above 1,460


: Chandan Taparia is a Deivatives and Technical Analyst at Motilal Oswal Securities.


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