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Option Strategy of the Day | Bearish sentiment in Bajaj Finance; use bear spread for downside

Along with breakdown, Bajaj Finance stock has slipped below its short and long-term moving averages.

Sudeep-shah
Bajaj-finance-ltd
Bajaj-finance
Finance-ltd
Bear-spread
June-expiry
Max-risk
Potential-risk
Potential-gain

Option strategy of the day | Reversal breakout in Reliance Industries signals upside

Reliance stock faces a minor hurdle around the Rs 3,000 level, which, once surpassed, could take it to Rs 3,100 levels, says an analyst

Ajay-thakkar
Quant-research
Reliance-industries-ltd
Industries-ltd
Head-derivatives
Spread-trade
Bull-call-spread
Max-risk
Maximum-potential-gain

Option strategy of the day| Reversal from support zone signals upside for Axis Bank

Axis Bank derivative data aligns with the prevailing bullish chart structure. Sudeep Shah of SBI Securities recommends bull call spread.

Sudeep-shah
Axis-bank
Axis-bank-bull-spread
Derivative-research
Bank-bull-spread-trade
Bull-spread
May-expiry
Max-risk
Potential-risk
Potential-gain

Option strategy of the day| Reversal breakout in Ultratech Cement signals upside

Recently stock has reversed from the lower end of the falling channel. Today it has moved beyond its 20DMA and 40DMA levels, hence 9600 levels are immediate support levels technically, said Jay Thakkar.

Ajay-thakkar
Ultratech-cement
Cement-spread-trade
Bull-call-spread
May-expiry
Max-risk
Potential-gain

Option strategy of the day |Bearish breakdown in Tata motors; use Bear spread

On daily scale, Tata motors has given rising channel breakdown backed by strong volumes. Along with this breakdown, the stock has slipped below its 20 and 50-day EMA level.

Sudeep-shah
Tata-motors-ltd
Tata-motors
Motors-ltd
Bear-spread
Max-risk
Potential-risk
Potential-gain

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