HINDZINC added around 3.7% of open interest as fresh long positions. Call buying (unwinding by writers) was seen as 305 & 310 strike. On charts, it is trading above short term as well as long term moving averages in higher highs higher lows formation. We expect it to test 320 levels in short term. We recommend buying HINDZINC 305 CE as per levels given below.
Strategy: BUY HINDZINC 305 CE AT 3-3.20, SL 0.80, TARGET 10.
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