Stock markets, Indian stocks
Derivatives strategy on Titan
Company by Nandish Shah, Technical & Derivatives Analyst at HDFC Securities:
Buy TITAN July Future at Rs 865
Stop loss of Rs 850
Target at Rs 890
Rationale: Long build up is seen in Titan
futures’ during the current series till now where Open Interest rising by 6% with Price rise of 4%.
Stock price is on the verge of giving bullish breakout from the downward sloping trend line, adjoining high of 9th May and 02 -July 2018
Momentum Indicators and Oscillators like RSI and MACD are Indicating strength in the stock for the short to medium term.
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.