By earn 
Understanding Derivative Picks
Derivative trading provides an opportunity for investors to gain leverage and maximize their potential returns. One such recommendation is to consider buying ONGC December futures within the range of 256.55 to 250.50. This strategic entry allows traders to align their positions with market trends effectively.
Setting Up Your Trade
When executing this trade, it is essential to have a clear stop-loss in place to manage risk. For this strategy, a stop-loss can be set at 248.75. This ensures that if the market moves against the position, losses are limited, allowing for a disciplined trading approach.
Projected Target and Time Frame
The target for this derivative pick is set at 267, which reflects a reasonable expectation based on market analysis. The anticipated holding time for this position is up to 10 days, providing ample opportunity for the price to reach the target. Traders should continuously monitor market conditions and adjust their strategies accordingly to capitalize on fluctuations.
