Web Exclusive F&O call: Here’s why you should buy SBI Put option for March series

Derivative Stock Strategy (Mar 2023 Expiry)

BUY SBIN March 510 PUT at Rs 6.55
Stop loss: Rs 2
Target: Rs 20

Rationale

Note: We recommend buying SBIN March 510 PUT at CMP, for the upside target of 20, keeping stop-loss at 2.

(Vinay Rajani, Senior Technical and Derivative Research Analyst at HDFC securities. Views expressed are personal).