Recommendation – Hindalco
Rationale
Metal stocks largely remained in a range for the June series. Few of them witnessed selling from higher levels and approached their Put bases.
Despite this, rollovers continued to remain high in metals along with a rise in rollover cost, which is a positive sign. Hindalco, in particular, witnessed decent writing in 350 and 360 strike Puts for the July series, which remains the support area.
For details, click on the link below: Link to the report
