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

Derivative Strategy for Manappuram Finance by HDFC Securities

Nandish Shah/Mumbai 17 May 19 | 06:50 AM

Buy Manappuram Finance May 125 Call @ Rs 3.25  


Stop loss of Rs 2 

Related Stories

    No Related Stories Found
Widgets Magazine


Target Rs 5.50


Rationale:

Long build up is seen in the Manappuram Finance Futures’ yesterday, where we have seen rise in open interest (OI) with price rising by 0.60 per cent.On the daily charts, the price has broken out, to close at one month high, with higher volumes.The stock is trading above its 5, 20 and 200-day SMA (simple moving average) indicating stock is in uptrend for all the time frames.Oscillators and Momentum indicators like RSI (relative strength index) and MACD (moving average convergence divergence) are showing strength in the stock.

Widgets Magazine

Sensex

Company Price Gain (%)
NTPC129.852.20
Coal India221.950.68
TCS2,076.950.55
O N G C144.100.42
Power Grid Corpn205.900.27

Poll

Currently No Poll Available.

Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine