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Derivatives strategy on Tata Steel by HDFC Securities

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

Derivatives

Derivatives strategy on Tata Steel by Nandish Shah, Technical & Derivatives Analyst at HDFC Securities: Buy Tata Steel September 620 CALL @ Rs 18.8 Stop loss of Rs 14 Target Rs 28 Rationale: We have seen Long positions being rolled over to the September series in Tata Steel with Open Interest rising by 5% with Price moving up by 2%. We have seen healthy rollover of 94% as against last three series average rollover of 76% The stock price is trading above its important short-term moving averages Indicating a bullish trend for the short term Momentum ...