Derivatives Strategy - Positional Option - Hindalco - ICICI Direct

Recommendation - Hindalco

Rationale

Metal stocks largely remained in a range for the June series. Few of them witnessed selling from higher levels and approached their Put bases.

Despite this, rollovers continued to remain high in metals along with a rise in rollover cost, which is a positive sign. Hindalco, in particular, witnessed decent writing in 350 and 360 strike Puts for the July series, which remains the support area.

For details, click on the link below: Link to the report

Source : Equity Bulls

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