Derivatives Strategy - Positional Option - ICICI Direct

Recommendation

Bank of Baroda

Rationale

As the broader market consolidated above 17000, stock specific activity amid sectoral rotation was clearly visible last week where IT stocks witnessed profit booking due to higher US yields whereas few banking stocks witnessed buying at lower levels.

In the banking space, private banks have relatively underperformed but stocks like Bank of Baroda have shown significant resilience and are already witnessing closure in OTM Call strike for April series.

For details, click on the link below:

Link to the report

Shares of Bank of Baroda was last trading in BSE at Rs. 112.00 as compared to the previous close of Rs. 108.60. The total number of shares traded during the day was 2980774 in over 12841 trades.

The stock hit an intraday high of Rs. 112.85 and intraday low of 107.30. The net turnover during the day was Rs. 328142131.00.

Source : Equity Bulls

Keywords

BankofBaroda INE028A01039 DerivativesStrategy PositionalOption ICICIDirect