Here is a derivative strategy on DLF by HDFC Securities

Joseph B. Hash

Buy DLF Oct FUT @ Rs 419.70 Cease reduction of Rs 409 Target Rs 437 Rationale:  In the present week, stock broke out from the critical resistance of 350 and observed extra substantial gains right after that  Stock has been consolidating for past a few investing session  […]

Buy DLF Oct FUT @ Rs 419.70

Cease reduction of Rs 409

Target Rs 437

Rationale:

 In the present week, stock broke out from the critical resistance of 350 and observed extra substantial gains right after that

 Stock has been consolidating for past a few investing session

 Realty Index seems extremely robust on the daily and weekly charts

 Stock has found extended buildup in the present week

 Stock rate is also placed above all significant going typical parameters

 Indicators and Oscillators are showing bullish indicators

We propose acquiring DLF Oct Fut at CMP, for the upside focus on of Rs 437, preserving cease reduction at Rs 409.
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Disclaimer: Vinay Rajani is Senior Technical and Derivative Analyst at HDFC Securities. He would not have place in any of the above stated shares. Sights are personalized.

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