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Derivative strategy on Tata Elxsi by HDFC Securities

Stock price has made a double bottom around 800 levels and now is rising with good volumes

Devarsh Vakil & Nandish Shah  |  Mumbai 

US Sensex

Derivative Strategy on South Indian Bank by Devarsh Vakil & Nandish Shah - PCG Desk of HDFC securities:

Buy October 850 call at Rs 21
 
Stop loss of Rs 15
Target Rs 32
Lot size  800

Rationale: 

We have seen long positions being built in futures today where open interest is rising by over 10%

Stock price has made a double bottom around 800 levels and now is rising  with good volumes.

technology stocks have been showing traction since last few days.

It has crossed 5-day simple moving average today with rise in volumes.

Disclaimer: The analysts may have positions in any or all the stocks mentioned above.

First Published: Fri, October 06 2017. 08:20 IST
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