Derivatives Strategy - Positional Option - March 11, 2022 - ICICI Direct

Recommendation

Federal Bank

Rationale

The banking and financial space remained a laggard and underperformed in the current leg of the sell-off. Most private banks saw fresh short OI addition with average sell-off more than 10% from high.

As the index reverted from lower levels and managed to move above 34000 levels, some covering was there on the Call writing front. Among midcap private banks, Federal Bank is relatively well placed. We expect a 10-12% move from here.

For details, click on the link below:

Link to the report

Source : Equity Bulls

Keywords

DerivativesStrategy ICICIDirect Positional Options FederalBank