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Derivatives strategy on LIC Housing Finance by HDFC Securities

Derivatives strategy on LIC Housing Finance on Nandish Shah, Technical & Derivatives Analyst, HDFC Securities:

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Derivatives strategy on LIC Housing Finance on Nandish Shah, Technical & Derivatives Analyst, HDFC Securities: Buy LIC Housing Finance August Future at Rs 560 Target: Rs 575 Stop loss: Rs 552 Rationale: We have seen Long positions being built in LIC Housing Finance futures’  during  the August series till now where we have seen 8% Rise in Open Interest with Price rise of 6% The stock price has given a breakout on the daily chart on Monday by closing above the resistances of 540 levels with higher volumes The stock price is ...