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Published on 11/01/2019 9:50:12 AM | Source: Religare Securities Ltd

Buy Ultratech Cement Ltd For Target Rs.130 - Religare Sec

Posted in Broking Firm Views - Short Term Report| #Ultratech Cement Ltd #Cement Sector #Trading Report #Religare Securities Ltd

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Derivative Ideas

ULTRACEMCO added around 2% in open interest as short buildup was seen in it in previous session. Current chart pattern also indicates further decline in its price. We suggest buying ULTRACEMCO PE option as per below levels .

Strategy:- BUY ULTRACEMCO 3800 PE between 80-82, stop loss 55, Target 130.

 

 

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