 "Derivative Strategy on Pidilite Industries by HDFC Securities")
Derivative Strategy on Pidilite Industries by Devarsh Vakil & Nandish Shah - PCG Desk at HDFC Securities:
Pidilite Industries August Future – BUY
CMP – Rs 831
Stop loss - Rs 820
Target - Rs 850
Rationale:
1. We have seen long positions being built in Pidite futures today where open interest rises by around 18% with higher future volumes.
2. Stock price has given breakout on the daily chart by closing above the downward sloping trend line resistance of 825 levels.
3. Momentum Indicators and oscillators are suggesting strength in the stock.
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.
Pidilite Industries August Future – BUY
CMP – Rs 831
Stop loss - Rs 820
Target - Rs 850
Also Read
Rationale:
1. We have seen long positions being built in Pidite futures today where open interest rises by around 18% with higher future volumes.
2. Stock price has given breakout on the daily chart by closing above the downward sloping trend line resistance of 825 levels.
3. Momentum Indicators and oscillators are suggesting strength in the stock.
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%