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Here are derivative strategies for some index stocks from Geojit BNP Paribas in trade today:
FUTURES STRATEGIES
TATA POWER: SELL
Target: Rs 56.20
Stop Loss: Rs 60.50
SELL TATAPOWER FUTURES @ 59, TARGET 56.20 STOPLOSS OF 60.50
[BELOW MOVING AVERAGES + MACD & STOCHASTICS SELL + VOLUME JUMP]
HINDALCO: SELL
Target: Rs 76.90
Stop Loss: Rs 83
SELL HINDALCO FUTURES @ 81, TARGET 76.90, STOPLOSS OF 83
[STOCHASTICS SELL+ BELOW MOVING AVERAGES + VOLUME BUIDUP]
OPTIONS STRATEGY
NIFTY: BUY
BUY NIFTY Sept. 7900 PE @ RS.214.3/-ALONG WITH SELLS OFF 7600 Sept. PE @ RS.112.25
[MACD &STOCHASTIC SELL+RISE IN VOLUME AND VOLATILE MOVEMENTS ARE ALSO
EXPECTED]
