You are here: Home » Markets » F&O
Business Standard

Derivative Strategy on NIIT Tech by HDFC Securities

Derivative Strategy on NIIT Tech by Devarsh Vakil & Vinay Rajani - PCG Desk, HDFC Securities:

Devarsh Vakil & Vinay Rajani  |  New Delhi 

Photo: Shutterstock
Photo: Shutterstock

on by Devarsh Vakil & Vinay Rajani - PCG Desk, HDFC Securities: Buy 880 CALL at Rs 27

Stop loss: Rs 18


Target: Rs 42 Rationale: We have seen long positions being built in futures on 1st March, where we have seen rise of 13% in open interest with price rise of 4%.

Stock price has surpassed multiple top resistance of 855 and closed above it, indicating end of short term consolidation.

Higher tops and higher bottoms on the short term and long term charts, indicating bullish trend

Momentum indicators and oscillators have been trading bullish on the charts Disclaimer: The analyst may have positions in any or all the stocks mentioned above.

First Published: Mon, March 05 2018. 08:43 IST
RECOMMENDED FOR YOU