Derivative strategy on Jain Irrigation by Devarsh Vakil & Nandish Shah - PCG Desk, HDFC Securities Buy Jain Irrigation November 110 call at Rs 4.70 Stop loss: Rs 3 Target: Rs 8 Rationale: We have seen long positions being built in Jain Irrigation futures today where their open interest rising by over 5%. Stock price has given breakout on the daily chart by closing above the downward sloping trendline resistane of 105 level. In the option segment, 110 call added over 4 lakh shares (25% rise in open interest) and 115 call added over 2 lakh shares(16% rise in open interest), suggesting higher possibility of sharp price from here. Momentum Indicators and oscillators are Indicating strength in the stocks Disclaimer: The analysts may have position in the stock mentioned above.
Derivative strategy on Jain Irrigation by HDFC Securities
Derivative strategy on Jain Irrigation by Devarsh Vakil & Nandish Shah - PCG Desk, HDFC Securities