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

Option strategy on NCC by HDFC Securities

Momentum Indicators and oscillators are suggesting strength in the stock

Devarsh Vakil & Nandish Shah  |  Mumbai 

markets, stocks, sensex, nifty, bse, nse
Photo: Shutterstock

Derivative Strategy pick by Devarsh Vakil & Nandish Shah of PCG Desk, HDFC securities: Buy (Nagarjuna Construction) October 95 call at Rs 1.50 Stop loss: Rs 0.80 Target: Rs 3 Lot size: 8,000 shares Rationale: We have seen long positions being built in futures today where Open interest rising by 5% with price rising by 5%. Stock Price has given break out from the downard sloping trendline, adjoining the high of 17-May-2017 and 14-Sep-2017 In the option segment, 95 and 100 call added signifanct shares in Open Interest. Momentum Indicators and oscillators are suggesting strength in the stock Disclaimer: The analysts may have position in the stock mentioned above.

First Published: Mon, October 23 2017. 08:08 IST
RECOMMENDED FOR YOU