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Derivative Strategy on Hindustan Construction by HDFC Securities

Momentum Indicators and oscillators are indicating strength in the stock

Devarsh Vakil & Nandish Shah  |  Mumbai 

technicals

pick on by Devarsh Vakil & Nandish Shah - PCG Desk, HDFC Securities: Buy (HCC) January 42.5 call at Rs 2.5 Stop loss of Rs 1.70 Target Rs 4 Rationale: We have seen long positions being built in HCC futures on Thursday where we have seen open interest addition of 9% with price rise of 3%. In the option segment, 42.5 and 45 call added 1.50 lakh(11%) and 2.55 lakh(9%) shares in open interest suggest higher possibility of sharp price from hereon. Infrastructure as a sector is doing well and looking good for the short to medium term levels. Momentum Indicators and oscillators are indicating strength in the stock. Disclaimer: The analysts may have positions in the stock mentioned above.

First Published: Fri, January 05 2018. 08:25 IST
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