Published on 15/03/2017 11:36:05 AM | Source: Religare Securities Ltd
Derivative Ideas Apollo Tyres Ltd For Target Rs.7.00 - Religare Sec
APOLLOTYRE shed 1.5% of open interest as short covering. Call buying (unwinding by writers) was seen at 190 & 200 strikes and put writing was seen at 185 & 175 strikes. On charts, it has created a buying pivot on daily as well as on weekly charts. We recommend buying APOLLOTYRE 190 CE as per levels mentioned below.
BUY APOLLOTYRE 190 CE AT 3.50-3.80, SL 2.50, TARGET 7.
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