Stop loss: Rs 1.
Target: Rs 3.50
Lot size: 33141
1. We have seen long positions being built in South Indian Bank futures today.
2. It has reached to the support of upward slopping trendline, adjoining the low of 29-March and 11-August 2017.
3. In the option segment, 27.5, 30 and 32.5 call added 2.65, 9.3 and 4 lakh shares in open interest, suggesting higher possibility of sharp price from here.
Disclaimer: The analysts may have positions in any or all the stocks mentioned above.