January 30, 2017
DRREDDY (Till February Expiry)
BUY
DRREDDY
FEB
3035 - 3050
3255
2922
DRREDDY has seen decent correction in January series and added some short positions. But, the
rollovers are below its quarterly average. Recently, the stock has rebounded from its support
zone of `2900 - `2920 along with formation of fresh longs. Currently, the stock is light on
positions and further long build-up may lead to an up move in upcoming sessions. Thus, traders
are suggested to go long in the counter between `3035-`3050 levels for the target of `3255.
The stoploss for the trade should be placed at `2922.
13-Jan-17
2991.45
-0.83
1723400
5.73
11.94
0.60
16-Jan-17
2993.55
0.07
1718800
-0.27
11.21
0.56
17-Jan-17
2984.45
-0.30
1749600
1.79
12.11
0.57
18-Jan-17
2955.85
-0.96
1865400
6.62
13.80
0.54
19-Jan-17
2945.75
-0.34
1840200
-1.35
11.38
0.53
20-Jan-17
2956.50
0.36
1814000
-1.42
22.54
0.63
23-Jan-17
2928.55
-0.95
1830200
0.89
30.59
0.51
24-Jan-17
2973.70
1.54
1959200
7.05
4.30
0.54
25-Jan-17
3008.70
0.80
1578400
-19.44
5.21
1.01
27-Jan-17
3013.80
0.17
1648400
4.43
8.69
1.12
Jay Kumar Purohit
022-3935 7600 Extn: 6844
27-01-17
ICICIBANK
BUY
266 - 269
286
258
Active
24-01-17
RELIANCE
BUY
1024 - 1027
1082
996
Active
11-01-17
LICHSGFIN
BUY
528 - 530
556
516
Profit booked on 16-01-17
03-01-17
KOTAKBANK
BUY
710 - 715
747
690
Target Achieved
Research Team Tel: 022 - 39357800
For Derivatives Queries
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