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Derivative strategy on Marico by HDFC Securities

Derivative strategy on Marico by Nandish Shah, Senior Technical & Derivatives Analyst at HDFC Securities

Stocks Markets
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Derivative strategy on Marico by Nandish Shah, Senior Technical & Derivatives Analyst at HDFC Securities Buy MARICO JANUARY Future at Rs 379   Stop loss: Rs 374   Target: Rs 388 Rationale: -- The long build up is seen in Marico Futures’ yesterday where we have seen Rise in Open Interst with Price rise of 1.4%. -- The stock price is taking support around 20 day SMA since last few days. -- The stock price is making higher top higher bottom formation on the daily charts. -- The momentum indicators ...