One can focus on L&T, ABB, Cummins India, ONGC, Oil India, UltraTech, JK Cement, Tech Mahindra, and Mphasis. Traders can initiate a moderately bullish strategy with reduced premium outflow and a lower breakeven point — Bull Call Spread of March 2 expiry to buy one lot of 18,000 Call at Rs 137 and simultaneously sell one lot of 18,300 Call at Rs 35, with possible maximum loss of Rs 5,100.
D-Street ends in red for a third week on West Asia deal delay, oil spike
The Indian equity market saw a decline on Friday, ending a lackluster trading week as geopolitical tensions and rising crude oil prices loomed over Dalal