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

Derivative strategy on MCX October future by HDFC Securities

Vinay Rajani/Mumbai 12 Oct 18 | 08:32 AM

Derivative strategy on MCX October future by Vinay Rajani, Technical Research Analyst, HDFC Securities:


BUY MCX OCTOBER FUTURE @ Rs 747

Related Stories

    No Related Stories Found
Widgets Magazine

Stop loss: Rs 722

Target: Rs 785


Rationale:


1. The stock broke out from the consolidation by rising more than 7% with a significant jump in volumes


2. Oscillators have exited from the oversold zone, indicating a short-term trend reversal.


3. Long positions being built in MCX Futures’ yesterday, where we have seen a rise in Open Interest by 7%.


4. The stock price has surpassed 20 days EMA resistance on the closing basis


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

Widgets Magazine

Sensex

Company Price Gain (%)
Vedanta153.003.38
ICICI Bank343.351.42
O N G C139.001.39
M & M632.201.37
Larsen & Toubro1,255.751.25

Poll

Currently No Poll Available.

Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine