Rikesh Parikh, Vice-President Markets Strategy and Product Development -Equities, Motilal Oswal Financial Services Ltd is of the view that one can go long on IDFC at 120 Call Option which is trading around 5-5.25 and at the same time sell a 130 Call option.
Parikh told CNBC-TV18, “Post results IDFC has given a good turnaround and it is rebounding. We suggest one can go long on IDFC at 120 Call Option which is trading around 5-5.25 and at the same time sell a 130 Call option because we feel the upside is relatively limited for the time being. So on can do a bull call spread; probably the stock could up to around Rs 120-130 levels on the upside.”Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
