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Derivatives strategy on Manappuram Finance by HDFC Securities

Derivatives strategy on Manappuram Finance by Nandish Shah, Technical & Derivatives Analyst at HDFC Securities.

Equity fund managers, Stock markets, Indian stocks
Indian stocks

Derivatives strategy on Manappuram Finance by Nandish Shah, Technical & Derivatives Analyst at HDFC Securities: Buy Manappuram Finance August 110 Call at Rs 5.50 Stop loss of Rs 3 Target at Rs 10 Rationale: We  have seen Long positions being built in Manappuram Finance futures’  during  the August series till now where we have seen 11% Rise in Open Interest with Price rise of 6% Stock price has given breakout on the daily chart yesterday by closing above the previous resistance of 108 levels with higher volumes Stock  price ...