Buy NMDC September 120 CALL @ Rs 2.50
Stop loss: Rs 1.20
Target: Rs 5
: We have seen Long positions being built in NMDC
Futures’ yesterday where Open Interest
rises by 2% with Price moving up by 2%.
In the Option segment, NMDC
120 call added 4.74 lakh shares in Open Interest
The stock price has given a breakout on the daily chart by closing above 114 levels with higher volumes
The stock price is trading above its important short-term moving averages (5 and 20 day SMA) Indicating a bullish trend for the short and medium term
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.