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Derivatives strategy on Federal Bank by HDFC Securities

Derivatives call on Federal Bank futures by Nandish Shah, Technical & Derivatives Analyst, HDFC Securities.

Derivatives
Derivatives

Derivatives call on Federal Bank futures by Nandish Shah, Technical & Derivatives Analyst, HDFC Securities: Buy FEDERAL BANK July 77.5 PUT at Rs 2.50 Stop loss of Rs 1.70 Target Rs 4 Rationale: We have seen Short positions being built in Federal Bank futures today where, We have seen sharp Rise in Open Interest with Price cut of 5%. Stock price has given breakdown on the daily chart from multiple support placed at 80 odd levels, with rise in Volumes Stock price is making lower top lower bottom formation on the daily chart Since October ...