DERIVATIVE STOCK IDEA
- NEYVELLI LIGNITE ( FUT – Rs.134.55) :
The stock has closed on a strong note and should be bought once it crosses the level of Rs.137. The target of the stock works out to Rs.145 and Rs.152. Higher target of Rs.165-168 is also possible. Stop Loss of Rs.124.95 should be kept.
The chart structure looks extremely attractive and should be bought once it crosses the level of Rs.133. The target of the stock works out to Rs.141 and Rs.150. Higher target of Rs.158- 160 is also possible but this might take around 15 days to reach.
