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Derivatives strategy on Arvind Limited by HDFC Securities

Derivatives strategy on Arvind Limited by Nandish Shah, Technical & Derivatives Analyst at HDFC Securities.

Markets, Buy, Sell, Stocks, Shares
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Derivatives strategy on Arvind Limited by Nandish Shah, Technical & Derivatives Analyst at HDFC Securities: Buy ARVIND July Future at Rs 418 Stop loss of Rs 408 Target Rs 432 Rationale: Long  build  up is seen in Arvind futures’ yesterday, where We have seen sharp Rise in Open Interest with Price rise of 3.5% Stock  Price  has  given  breakout on the daily chart where it managed to close above 200 day SMA with surge in volumes Stock  price  has  already  given  bullish   breakout from the ...