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Derivative Strategy on M&M by HDFC Securities

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

Devarsh Vakil & Nandish Shah  |  New Delhi 

Photo: Shutterstock
Photo: Shutterstock

on by Devarsh Vakil & Nandish Shah - PCG Desk, HDFC Securities: Buy February at 800 call at Rs 23 Stop loss: Rs 15 Target: Rs 40 Rationale: We have seen long positions being built in futures today where we have seen open interest addition of 7% with price rise of 5%. Stock price has given breakout on the daily, weekly and Monthly chart where it managed to close at all-time high. reported 32% rise in Auto sales for the month of January Momentum Indicators and oscillators are Indicating strength in the for the coming days Disclaimer: The analyst may have positions in any or all the stocks mentioned above.

First Published: Fri, February 02 2018. 08:00 IST
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