F&O strategy: Buy Adani Port Nov futures

By Navneet Daga, Head - Derivatives Research

Adani Ports Nov Fut

BUY

CMP Rs 298-306

TARGET Rs 346

STOP LOSS Rs 281

Positive breakout on price charts accompanied by signifi cant increase in open interest position.

NIFTY BEAR PUT SPREAD
RECO: Buy Nifty Dec 8500 Put at 115 and Sell Nifty Dec 8000 Put at 34, total spread Rs 81. Target on spread at Rs 165 with SL of Rs 48
NOTE: Nifty faces tough resistance at 8750 levels, a pattern of lower highs and lower lows indicate market may start trending lower.