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Derivatives strategy on United Breweries by HDFC Securities

Derivatives call on United Breweries futures by Nandish Shah, Technical & Derivatives Analyst, HDFC Securities.

Nandish Shah  |  Mumbai 

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Derivatives call on futures by Nandish Shah, Technical & Derivatives Analyst, HDFC Securities:

Buy (UBL) June 1250


Call at Rs 35

of Rs 25

Rs 50


Rationale: We have seen Long positions being built in UBL futures today where we have seen sharp Rise in Open Interest with Price rise of 4%.

Stock price has broken out from multiple top resistances, placed at 1200 odd levels.

Short term moving averages are trading above long term moving averages indicating bullish trend for the short to medium term.

Momentum Indicators and Oscillators are showing strength in the stock.

Disclaimer: The analyst may have positions in the stock mentioned above.

First Published: Fri, June 08 2018. 06:00 IST
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