 "Derivative Strategy on Dish TV by HDFC Securities")
Derivative Strategy on Dish TV by Devarsh Vakil & Nandish Shah - PCG Desk, HDFC Securities:
Buy Dish TV 75 call at Rs 3.40
Stop loss: Rs 2.50
Target: Rs 6
Rationale: We have seen long positions being built in Dish futures today where we have seen sharp rise in open interest with price rise of 2%.
Stock price managed to close above its 5 day simple moving average and 20 day simple moving average today with higher volumes.
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Momentum Indicators and oscillators are Indicating strength in the stock. Multiple bottoms have been made around 70 odd levels since August 2017.
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.
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