Thursday, June 14, 2018

Derivative strategy on Tata Elxsi

Buy June 1300 Call at Rs 33
of Rs 24
Rs 50
Rationale: We have seen Long positions being built in futures today where we have seen Rise in Open Interest with Price rise of 1%.
During this week, Stock price has broken out from multiple top resistances placed at 1250 odd levels to close at all time high level with rise in Volumes.
Short term moving averages are trading above long term moving averages Indicating bullish trend for the short to medium term.
Momentum Indicators and Oscillators are Indicating strength in the stock for the short to medium term.

1 comment:

  1. Aluminium Scaffolding Rental In Hyderabad ... what this about

    ReplyDelete

Rupee gains 39 paise to 68.50 against U.S. dollar ahead of Union Budget 2019

Forex traders said the Union Budget 2019 will give further cues going ahead in the currency market The Indian rupee on July 4 furth...