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

Derivatives strategy on Divis's Lab futures by HDFC Securities

Derivatives call on Divis's Lab futures by Nandish Shah, Technical & Derivatives Analyst, HDFC Securities:

Nandish Shah 

Equity fund managers, Stock markets, Indian stocks

Derivatives call on by Nandish Shah, Technical & Derivatives Analyst, HDFC Securities:

Buy Divis’s lab May 1200 call at Rs 45

Stop loss of Rs 35

Target Rs 70

Rationale: We have seen long positions being built in Divi’s Lab futures today where we have seen 4% rise in open interest with price rise of 1%. Stock price is trading above its 5,20 and 200 Dma, Indicating positive trend for the short, medium and long-term. Oscillators like RSI is showing strength in the stock for the short to medium term. Divi’s lab has been outperforming for over one year now and Technical and derivative Indicators indicates that out performance is likely to continue for the coming days.

First Published: Fri, May 04 2018. 06:30 IST
RECOMMENDED FOR YOU