F&O strategies for Hindalco, Tata Motors from Geojit BNP Paribas

Here are a few derivative strategies from Geojit BNP Paribas in trade today:


LTP : Rs 4.45

Action : BUY

Targets : Rs 5.65 / Rs 6.7

Stop-loss : Rs 2.35

Comment : Having closed near to the day's high backed by volume, the option is expected to continue uptrend. OI has shown 71% addition along with rise in price also indicates further bullishness.


LTP : Rs 17.7

Action : BUY

Targets : Rs 19.96 / Rs 22.1

Stop-loss : Rs 13.8

Comment : Having moved strongly and closed near to the day's high, the stock could continue the uptrend which could propell the option price. Also OI has shown 56.2% rise along with price supporting the uptrend.
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