Derivative strategy on NBCC by HDFC Securities

Derivative strategy by Nandish Shah, Senior Technical & Derivative Analyst, HDFC Securities.

1512070168-1304

Market news:

Bear Spread strategy on NBCC

 Buy NBCC July 52 Put at Rs 1.40 & simultaneously sell 49 Put at Rs 0.40.
Lot Size: 8500

Cost of the strategy Rs 1 (Rs 8500 per strategy)

Maximum profit: Rs 17,000 if NBCC closes at or below 48 on July expiry

Breakeven Point: Rs 51

Rationale:

-- Short build up is seen in the NBCC Futures’ yesterday, where we have seen sharp rise in Open Interest with price falling by 3.8 per cent.

-- Stock price has broken down from the upward slopping trendline...read more

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