Derivative Pick
Adani Enterprise added around 3.20% in open interest as fresh long short build up. Bottom out pattern seen in it. Recent low of 110.65 will be a crucial support in it. If unable to breach it then we will see sharp upside rally in it.
Hurdle at 114.00 Break and sustain above 114.00 will take it to 120—122 and then to 125++ mark.
Three consecutive close + weekly close above 125 will see upside rally till 140++ mark in days to come.
Support and stop loss below 110.65
Trading Recommendation (4th Oct 2017)
Option trades can Buy Adani Enterprise 115 CE above 5.50 with stop loss of 2.00 Target 9.00—11.00
More will update soon !!
