Moneycontrol
Jan 03, 2014 01:54 PM IST | Source: CNBC-TV18

Buy Reliance 900 Call, Sell 920 Call: Amit Trivedi

Amit Trivedi, co-founder at Investworks.in recommends buying Reliance Industries 900 call and advises selling 920 call.


Amit Trivedi, co-founder at Investworks.in told CNBC-TV18, "Reliance Industries is trying to flirt with Rs 900 levels, so we think it should broadly be in this kind of range of Rs 870 on the lower side and Rs 920 on the upper side."

"With a Call ladder strategy, one can buy Rs 900 strike Call and sell Rs 920-940 strike Call, so zero rupees invested in that trade and the spread of zero will increase around Rs 2, at which price one can unwind the trade," he said.

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