Derivative strategy on Dish TV by HDFC Securities

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Derivative strategy on Dish TV by Devarsh Vakil & Nandish Shah - PCG Desk by HDFC Securities:

 

Buy Dish TV November 80 call at Rs 2

Stop loss: Rs 1

Target: Rs 4.50

 

Rationale: We have seen long positions being built in Dish TV futures today where their open interest rising by 6% with price rising by 3%.

 

During the series also, we have seen long position being built where   open interest rising by 34% with Dish TV rising by 1%

 

Stock price has given breakout from  the consolidation on the daily chart with rise in volumes.

 

Momentum Indicators and oscillators are Indicating strength in the stocks

 

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