Derivative Strategy on Granules India by HDFC Securities

Photo: Shutterstock
Derivative Strategy on Granlues India by Devarsh Vakil & Nandish Shah - PCG Desk, HDFC Securities:


Buy Granules Future at Rs 147.5

Stop loss: Rs 144

Target: Rs 154



We have seen long positions being built in Granules futures today where we have seen open interest addition of 13% with price rise of 4.4%.

In the option segment, 150 and 155 call added 3.80 (97%) and 170,000 (161%) shares in open interest today suggesting higher possibility of sharp price from here

Stock price has given breakout on the daily chart where it managed to close today at eight month high.

Momentum Indicators and oscillators are Indicating strength in the stock

: The analyst may have positions in any or all the stocks 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