Close this search box.

Here is a derivative strategy on DLF by HDFC Securities – Business Standard

BUY Oct FUT @ Rs 419.70

Stop loss of Rs 409

Target Rs 437


 In the current week, stock broke out from the crucial resistance of 350 and saw added significant gains after that

 Stock has been consolidating for last three trading session

 Realty Index looks very strong on the daily and weekly charts

 Stock has seen long buildup in the current week

 Stock price is also placed above all important moving average parameters

 Indicators and Oscillators are showing bullish signs

We recommend buying October Fut at CMP, for the upside target of Rs 437, keeping stop loss at Rs 409. =====================================
Disclaimer: Vinay Rajani is Senior Technical and Derivative Analyst at HDFC Securities. He doesn’t have position in any of the above mentioned stocks. Views are personal.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor