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Derivative Strategy on LIC Housing Finance by Devarsh Vakil & Nandish Shah - PCG Desk at HDFC Securities:
LIC Housing September Future – BUY
CMP – Rs 677
Stop loss - Rs 665
Target - Rs 695
Rationale:
1. On the last day of August expiry, we have seen aggressive long build up in the LIC housing September Futures with rise in Volumes
2. Stock price has given breakout on the daily chart today where it managed to close above the crucial resistance level of 670-671.
3. Momentum Indicators and oscillators are Indicating strength in
LIC Housing September Future – BUY
CMP – Rs 677
Stop loss - Rs 665
Target - Rs 695
Rationale:
1. On the last day of August expiry, we have seen aggressive long build up in the LIC housing September Futures with rise in Volumes
2. Stock price has given breakout on the daily chart today where it managed to close above the crucial resistance level of 670-671.
3. Momentum Indicators and oscillators are Indicating strength in
