Derivative strategy on Tata Elxsi by HDFC Securities

span.p-content div[id^=div-gpt] { line-height: 0px; font-size: 0px;} Derivative Strategy on South Indian Bank by Devarsh Vakil & Nandish Shah – PCG Desk of HDFC securities:
Buy October 850 call at Rs 21
  Stop loss of Rs 15 Target Rs 32 Lot size  800
Rationale: 
We have seen long positions being built in futures today where open interest is rising by over 10%
Stock price has made a double bottom around 800 levels and now is rising  with good volumes.
technology stocks have been showing traction since last few days.
It has crossed 5-day simple moving average today with rise in volumes.
Disclaimer: The analysts may have positions in any or all the stocks mentioned above.

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