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Published on 14/05/2019 9:35:34 AM | Source: Religare Securities Ltd

Option Strategy Hindustan Petroleum Ltd by Religare Securities

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Derivative Ideas

HINDPETRO

added around 4% in open interest as short buildup was seen in it in previous session. Current chart pattern also indicates further down move in its price. We suggest buying HINDPETRO 260 PE as per below levels.

Strategy:- Buy HINDPETRO 260 PE between 6-7, Stoploss at 3, Target at 16.

 

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