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Derivative strategy on Tata Elxsi by HDFC Securities

Derivative strategy on Tata Elxsi by Nandish Shah, Technical & Derivatives Analyst, HDFC Securities

Photo: Shutterstock
Photo: Shutterstock

Derivative strategy on Tata Elxsi by Nandish Shah, Technical & Derivatives Analyst, HDFC Securities: Buy TATA ELXSI June 1300 Call at Rs 33 Stop loss of Rs 24 Target Rs 50 Rationale: We have seen Long positions being built in Tata Elxsi futures today where we have seen Rise in Open Interest with Price rise of 1%. During this week, Stock price has broken out from multiple top resistances placed at 1250 odd levels to close at all time high level  with rise in Volumes. Short term moving averages are trading above long term moving averages Indicating ...