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Derivatives call on Divis’s Lab futures by Nandish Shah, Technical & Derivatives Analyst, HDFC Securities:
Buy Divis’s lab May 1200 call at Rs 45
Buy Divis’s lab May 1200 call at Rs 45
Stop loss of Rs 35
Target Rs 70
Rationale: We have seen long positions being built in Divi’s Lab futures today where we have seen 4% rise in open interest with price rise of 1%. Stock price is trading above its 5,20 and 200 Dma, Indicating positive trend for the short, medium and long-term. Oscillators like RSI is showing strength in the stock for the short to medium term. Divi’s lab has been outperforming for over
