BUY INDHOTEL FUT 2 LOTS ABOVE 323
TAREGT 326.5/328 SL 319
INDIAN
HOTELS has not really gained pricewise in
November series however the December series has seen fresh 43 % additional long
positions in terms of Open interest. The longs have been rolled at around 91 %
to the December series. The scrip is expected to rally all the way towards 345,
with strong support seen at 304 levels.Shares of Indian Hotels on Friday closed
over 1 %higher to Rs 321.9 per share.
BUY NTPC FUT 2 LOTS ABOVE 171.60 TARGET
173.6/175.4 SL 169.1
NTPC gained nearly 1 %with the good additional Long
positions to the tune of 15% Open interest. The longs have been rolled by
around 92 per cent. The stock is expected to trade with positive bias in the
range of 164-185.Shares of NTPC on Friday closed flat with a positive bias to
Rs 169.8 per share.
BUY INDUSIND BANK FUT 2 LOTS ABOVE 1199 TAREGT
1224/1244 SL 1169
INDUSIND BANK gained nearly 3 %with a rise of 5 %in Open
Interest. The longs are rolled above par at 98 as compared to the previous
rolls. The scrip is expected to continue its positive momentum in the December
series as well and trade in the range of 1150-1270.Shares of IndusInd Bank on
Friday closed over 1 %higher to Rs 1188.1 per share.
BUY INFOSYS FUT 2 LOTS ABOVE 1658 TARGET
1693/1713 SL 1613
INFOSYS gained 7 %with a decline of 15 %OI in the
November series. The rolls have also been on the lower side at 85 as compared
to its 3-month average. The scrip is believed to be positively biased from here
and may trade in the range of 1550-1750 in the December Series.Shares of
Infosys on Friday closed flat with a positive bias to Rs 1630.75 per share.
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