Business »  Topic »  Derivatives strategy on Manappuram Finance by HDFC Securities

Derivatives strategy on Manappuram Finance by HDFC Securities


Message: Recipients' Email: Type address separated by commas
Your Email: Enter the characters shown in the image.
Send me a copy:

https://mybs.in/2YLkugn

Photo: Shutterstock.com

Buy Manappuram Finance April Futures at Rs 103.5

Stop Loss: Rs 98 | Target: Rs 115 | Lot Size: 6000

Rationale:

-- We have seen long roll-over in the Manappuram Finance Futures’ yesterday, where we saw 74 per cent roll over to the April series with rollover cost rising to nearly 2 per cent.

-- The stock price closed above its 5-day Simple moving average (SMA) on Wednesday, the first time in the month of ...


Read the full text business-standard