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Derivative strategy on NMDC by HDFC Securities for today

Derivative strategy on NMDC by Nandish Shah, Technical & Derivatives Analyst, HDFC Securities:

BSE, NSE, Markets, SENSEX
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Derivative strategy on NMDC by Nandish Shah, Technical & Derivatives Analyst, HDFC Securities: Buy NMDC September 120 CALL @ Rs 2.50 Stop loss: Rs 1.20 Target: Rs 5 Rationale: We have seen Long positions being built in NMDC Futures’ yesterday where Open Interest rises by 2% with Price moving up by 2%. In the Option segment, NMDC 120 call added 4.74 lakh shares in Open Interest The stock price has given a breakout on the daily chart by closing above 114 levels with higher volumes The stock price is trading above its important short-term ...