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Derivatives strategy on UPL by HDFC Securities

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

Markets, Buy, Sell, Stocks, Shares
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Derivatives strategy on UPL by Nandish Shah, Technical & Derivatives Analyst at HDFC Securities: Buy UPL August Future at Rs 651 Stop loss of Rs 638 Target Rs 675 Rationale: Accumulation  of  Long  positions  is seen in the UPL Futures’ during the August  series till now, where we have seen 8% rise in Open Interest with the price rising by 2% The stock price is trading above its all-important short-term moving averages (5 and 20 DMA) Indicating a bullish trend for the short  term The stock price is ...