vigneshwaraj

Expiry Strategy: Sell 2300 Put Aug at 16. Lot size: 250

Long
BSE:DRREDDY   DR.REDDYS LABORATORIES LTD
Price crossover above 200-EMA and 50-EMA signals that the trend in positive note. Expect the price to move upward in the coming days. Recent trough around 2500 level would lend necessary support in the coming days.
Expect the stock would expire above the support band of 2300 - 2400 levels for Aug series. Recommending option writers to sell 2300 Put Aug.