Nandish Shah, senior technical/ derivative analyst at HDFC Securities reckons that MidCap Nifty and Bajaj Finance have seen long build-up, and are favourably placed on the charts.
Nandish Shah of HDFC Securities recommends a 'Bull Spread' strategy on MidCap Nifty and PNB Housing Finance as the analyst notes a positive bias, and build-up of long positions at these counters.
Here's why Nandish Shah technical research analyst of HDFC Securities recommends a 'Bull Spread' strategy on Cipla and United Spirits derivatives for the July series.
Short build up is seen in the Nifty Futures, where Open interest rose by 3 per cent along with price fall of 1 per cent, said Nandish Shah, technical research analyst at HDFC Securities
Nandish Shah of HDFC Securities suggests Oil and Natural Gas Corporation (ONGC) bull call spread for March 30 expiry. Check cost, max profit, breakeven, margin, and technical rationale here
Short build-up is seen in the Nifty futures, where open interest rose by 9 per cent along with price fall of 1.6 per cent, said Nandish Shah of HDFC Securities
Nandish Shah of HDFC Securities suggests Bajaj Finance bull call spread for 24 Feb expiry. Check cost, max profit, breakeven, margin, and technical rationale
Derivative strategy: Nandish Shah said that long build-up is seen in the Bank Nifty Futures, where Open interest rose by 8 per cent along with a price rise of 0.6 per cent
Short build up is seen in the Nifty Futures, where Open interest rose by 17 per cent along with price fall of 1 per cent, said Nandish Shah, technical research analyst at HDFC Securities.
 "Nandish Shah")
