weekly F&O strategies: HUL, DLF
Hindustan Unilever (HUL)
Buy HUL June 320 Call in the range of 5.5-5.8 for target of 11 and stop loss of 2.
Market lot: 1,000
View: Bullish
Hindustan Unilever (HUL)
Buy HUL June 320 Call in the range of 5.5-5.8 for target of 11 and stop loss of 2.
Market lot: 1,000
View: Bullish
DLF
Sell DLF June Futures below 212 for target of Rs 205 and stop loss of 216.
Market lot: 1,000
View: Bearish
Buy Sanghvi Movers target price of Rs 153 as against current market price of Rs 115.
Buy Phoenix Mills with a target price of Rs 240 as against current market price (CMP) of Rs 190.
We expect the Nifty to remain volatile in a range of 5,400-5,600. Immediate support for the market is 5,450/5,390 while resistance lies at 5,520/5,600. The Bank Nifty is likely to trade positive above 10,950 for a target of 11,200. The immediate support for the index lies around 10,600.
Stock of the week: Tata Steel
Tata Steel as stock of the week for a target price of Rs 630 - Rs 635 in next 2 - 3 months against current market price (CMP) of Rs 579.
Sell DLF June Futures below 212 for target of Rs 205 and stop loss of 216.
Market lot: 1,000
View: Bearish
Buy Sanghvi Movers target price of Rs 153 as against current market price of Rs 115.
Buy Phoenix Mills with a target price of Rs 240 as against current market price (CMP) of Rs 190.
We expect the Nifty to remain volatile in a range of 5,400-5,600. Immediate support for the market is 5,450/5,390 while resistance lies at 5,520/5,600. The Bank Nifty is likely to trade positive above 10,950 for a target of 11,200. The immediate support for the index lies around 10,600.
Stock of the week: Tata Steel
Tata Steel as stock of the week for a target price of Rs 630 - Rs 635 in next 2 - 3 months against current market price (CMP) of Rs 579.
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