Derivative strategy on Dish TV by HDFC Securities

Photo: Shutterstock
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

 

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


Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel