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B. Venkatesh

THE following strategies are based on Tuesday's trading in the derivatives segment on the NSE.

BPCL: Sell August futures if it trades below 367. The downside target is 362-359. Place the protective stop at 371. The minimum order size is 550 units.

IOC: Sell August futures if it trades below 415. The downside target is 411-407. Place the protective stop at 421. The minimum order size is 600 units.

Reliance Capital: Sell August futures if it trades below 460. The downside target is 454-449. Place the protective stop at 465. The minimum order size is 1,100 units.

Tata Motors: Sell August futures if it trades below 503. The downside target is 500-498. Place the protective stop at 507. The minimum order size is 825 units.

Note that all the above-mentioned positions are intra-day trades.

Position trade: Cipla August futures closed at 334.50. Buy the August contract if it trades above 336. The upside target is 348-350. Initiate the position with protective stop at 330. The margin on the futures position is approximately 15 per cent of the contract value. The minimum order size is 1,000 units. No alternative strategies are available, as options on the stock are not actively traded.

(The opinion expressed in this column is based on technical analysis. There is risk of loss in trading)

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