Derivative strategy on NMDC by HDFC Securities for today

Derivative strategy on NMDC by Nandish Shah, Technical & Derivatives Analyst, HDFC Securities:

BSE, NSE, Markets, SENSEX
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Nandish Shah Mumbai
Last Updated : Sep 07 2018 | 6:45 AM IST
Derivative strategy on NMDC by Nandish Shah, Technical & Derivatives Analyst, HDFC Securities:

Buy NMDC September 120 CALL @ Rs 2.50
Stop loss: Rs 1.20
Target: Rs 5

Rationale: We have seen Long positions being built in NMDC Futures’ yesterday where Open Interest rises by 2% with Price moving up by 2%.

In the Option segment, NMDC 120 call added 4.74 lakh shares in Open Interest

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