Live Markets »News & Advice»F&O Updates»F&O Updates Details
F&O Updates Details
Back

Derivative Strategy on IDFC by HDFC Securities

Devarsh Vakil & Nandish Shah/New Delhi 15 Sep 17 | 08:04 AM

Photo: Shutterstock

Derivative Strategy on IDFC by Devarsh Vakil & Nandish Shah - PCG Desk at HDFC Securities:

Related Stories

    No Related Stories Found
Widgets Magazine

Buy IDFC Sept Future at Rs 61.5

Stop loss - Rs 60.

Target - Rs 65

Rationale:

1.      We have seen long positions being built in IDFC futures today where their open interest rose by 5%.

2.      It has given breakout on the daily chart by closing above the crucial resistance level of 61 with higher volumes. Momentum Indicators and oscillators are Indicating strength in the stock.

3.      In the option segment, 62.5 call added over 12 lakh shares (40% rise in open interest), suggesting higher possibility of sharp price rise from here.

4.      Momentum Indicators and oscillators are Indicating strength in the stocks

Widgets Magazine

Sensex

Company Price Gain (%)
St Bk of India253.653.21
NTPC181.902.97
O N G C176.402.80
Tata Steel721.501.43
ICICI Bank266.001.31

Poll

Given the current crisis at Infosys, what would your investment strategy in the company's stock be?



Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine