Derivative Strategy on Nagarjuna Construction by HDFC Securities

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Derivative Strategy on Nagarjuna Construction  by Devarsh Vakil & Nandish Shah - PCG Desk, HDFC Securities:


Buy Nagarjuna Construction(NCC) December 125 call at Rs 4.35

Stop loss: Rs 3

Target: Rs 7



We have seen long positions being built in NCC futures today where we have seen open interest addition of 6% with price rise of 2%.


Stock price has already given breakout on the monthly chart in the month of November and recent mild correction is a buying opportunity


Momentum Indicators and oscillators are Indicating strength in the stocks


Disclaimer: The analyst may have positions in any or all the stocks mentioned above.

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