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Derivative Strategy on Torrent Power by HDFC Securities

Devarsh Vakil & Nandish Shah/Mumbai 04 Aug 17 | 08:21 AM
Related to : Torrent Power Ltd
 Torrent Power Ltd

BSE   23 Feb 18 | 12:00 AM

263.15  8.05 (3.16%)

NSE   23 Feb 18 | 12:00 AM

263.80  9.45 (3.72%)

Derivative Strategy on Torrent Power by Devarsh Vakil & Nandish Shah - PCG Desk, HDFC Securities:

Torrent Power August Future - BUY

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CMP: Rs 185


TARGET: Rs 193


We have seen long positions being built in Torrrent Power futures today. After making double bottom around 170 levels, we have seen accumulation in the stock with rise in the volumes Momentum Indicators and oscillators indicate strength in the stocks. It has reported robust quarterly result couple of days back.

Disclaimer: The analyst may have positions in any or all the stocks mentioned above.

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