Derivative Strategy on IRB Infra by HDFC Securities

Derivative Strategy on IRB Infra by Devarsh Vakil & Nandish Shah - PCG Desk, HDFC Securities:

 

Buy IRB INFRA FEBRUARY 250 call at Rs 8

Stop loss: Rs 5

Target: Rs 14

 

Rationale:

We have seen long positions being built in IRB futures today with price rise and higher volumes

We have seen healthy rollover (76%) to the February Series

In the option segment, 250 and 260 call added 97,500 and 80,000 shares in open interest   today suggesting higher possibility of sharp price from here

 

Disclaimer: The analyst may have positions in any or all the stocks mentioned above.