Derivative Update
Glenmark Pharma added around 12.00% in open interest as fresh long build up. Bottom out pattern seen in Glenmark Pharma. Recent low of 575 will be a crucial support in it. If unable to breach it then we will see sharp upside rally in it.
Hurdle at 600… Break and sustain above 600 will take it to 630—645 and then to 660++ mark in days to come. Further upside rally will see only if closes above 660.
Support and stop loss below 575.00
Trading Recommendation
Option traders can Buy Glenmark Pharma 600 CE around 11.00—10.00 with stop loss of 2.00 Target 25.00--30.00
More will update soon!!!
