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
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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