Derivative Strategy on South Indian Bank by Devarsh Vakil & Nandish Shah - PCG Desk of HDFC securities:
Stop loss of Rs 15
Target Rs 32
Lot size 800
We have seen long positions being built in Tata Elxsi
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.