Live Markets »News & Advice»Market News»Market News Details
Market News Details

Derivatives strategy on Ujjivan Finance by HDFC Securities

Nandish Shah/Mumbai 18 May 18 | 06:30 AM


Derivatives call on Ujjivan Finance futures by Nandish Shah, Technical & Derivatives Analyst, HDFC Securities:

Related Stories

    No Related Stories Found
Widgets Magazine

Buy UJJIVAN FINANCE May Future at Rs 407

Stop loss of Rs 398

Target Rs 425

Rationale: We have seen Long positions being built in Ujjivan Finance futures’ today where we have seen 14% Rise in Open Interest with a Price rise of 2%.

After a small correction during the last few days, It resumed its uptrend again today where Stock price closed above 5 and 20-day Simple moving averages with higher volumes

Oscillators like RSI and KST is showing strength in the stock for the short to medium term.

NBFC as a sector is doing well and looking good for the short term.

Disclaimer: The analyst may have positions in the stock mentioned above.

Widgets Magazine


Company Price Gain (%)
O N G C160.302.69
Asian Paints1,391.400.98
H D F C2,008.250.91
Yes Bank383.800.80
Hero Motocorp3,501.500.63


Currently No Poll Available.

Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine