You are here: Home » Markets » F&O
Business Standard

Derivative Strategy on Manappuram Finance by HDFC Securities

Derivative Strategy on Manappuram Finance by Devarsh Vakil & Nandish Shah - PCG Desk, HDFC Securities:

Devarsh Vakil & Nandish Shah  |  New Delhi 

markets, stocks, sensex, nifty, bse, nse
Photo: Shutterstock

on by Devarsh Vakil & Nandish Shah - PCG Desk, HDFC Securities: Buy January 125 call at Rs 6 Stop loss: Rs 4 Target: Rs 11 Rationale: We have seen long positions being built in futures today where we have seen open interest addition of 6% with price rise of 3% In the option segment, 125 and 130 call added 3 lakh(45%) and 3.66 lakh (87%) shares in open interest respectively today suggesting higher possibility of sharp price from here Stock price has given breakout on the daily chart where it managed to close today at all time high levels Momentum Indicators and oscillators are Indicating strength in the stock Disclaimer: The analyst may have positions in any or all the stocks mentioned above.

First Published: Fri, December 29 2017. 08:21 IST
RECOMMENDED FOR YOU