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

Derivative strategy on Jain Irrigation by HDFC Securities

Devarsh Vakil & Nandish Shah/New Delhi 03 Nov 17 | 08:37 AM

Derivative strategy on Jain Irrigation by Devarsh Vakil & Nandish Shah - PCG Desk, HDFC Securities

Buy Jain Irrigation November 110 call at Rs 4.70

Related Stories

    No Related Stories Found
Widgets Magazine

Stop loss: Rs 3

Target: Rs 8

Rationale:

We have seen long positions being built in Jain Irrigation futures today where their open interest rising by over 5%.

Stock price has given breakout on the daily chart by closing above the downward sloping trendline resistane of 105 level.

In the option segment, 110 call added over 4 lakh shares (25% rise in open interest) and 115 call added over 2 lakh shares(16% rise in open interest), suggesting higher possibility of sharp price from here.

Momentum Indicators and oscillators are Indicating strength in the stocks

Disclaimer: The analysts may have position in the stock mentioned above.

Widgets Magazine

Sensex

Company Price Gain (%)
Adani Ports414.303.27
H D F C1,718.301.53
St Bk of India335.201.35
Asian Paints1,174.351.12
Maruti Suzuki8,514.301.08

Poll

It has been a year since demonetisation was announced. What is your view about the move?



Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine