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Derivative strategy on Jain Irrigation by Devarsh Vakil & Nandish Shah - PCG Desk, HDFC Securities
Buy Jain Irrigation November 110 call at Rs 4.70
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
Buy Jain Irrigation November 110 call at Rs 4.70
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
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