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Derivative Strategy on Granlues India by Devarsh Vakil & Nandish Shah - PCG Desk, HDFC Securities:
Buy Granules Future at Rs 147.5
Stop loss: Rs 144
Target: Rs 154
Rationale:
We have seen long positions being built in Granules futures today where we have seen open interest addition of 13% with price rise of 4.4%.
In the option segment, 150 and 155 call added 3.80 (97%) and 170,000 (161%) shares in open interest today suggesting higher possibility of sharp price from here
Stock price has given breakout on the daily chart where it managed to
Buy Granules Future at Rs 147.5
Stop loss: Rs 144
Target: Rs 154
Rationale:
We have seen long positions being built in Granules futures today where we have seen open interest addition of 13% with price rise of 4.4%.
In the option segment, 150 and 155 call added 3.80 (97%) and 170,000 (161%) shares in open interest today suggesting higher possibility of sharp price from here
Stock price has given breakout on the daily chart where it managed to
