Following are the five positional stocks recommended by KARVY STOCK BROKING HOUSE:
LITL: LITL witnessed fresh addition of short positions in the last session. The stock added 20.37% in open interest along with a decrease in cost of carry from 13.95% to 10.32%. Short positions can be assumed in the stock at 37.50-38 levels for targets of 33-34 with a stop loss placed at 40(Spot) levels.
Rel Infra: The stock witnessed fresh addition of short positions in the last session. The stock added 12.80% in open interest along with a decrease in cost of carry from 11.60% to 10.78%. Short positions can be assumed in the stock at 600-605 levels for targets of 550 levels with a stop loss placed at 625(Spot) levels.
Hindustan Zinc: Hindustan Zinc Steel witnessed fresh addition of short positions in the last session. The stock added 13.74% in open interest Short positions can be assumed in the stock at 1310-1315 levels for targets of 1280 and 1250 levels with a stop loss placed at 1325(Spot) levels.
IFCI 55 CE: IFCI 55-strike March call option saw addition of long positions in the last trading session. It added 1,18,000 shares in open interest along with an increase in IV by 3.88 percentage points. Long positions can be assumed in the option at Rs 1.2-1.4 with a stop loss at 50(spot) for targets of 3-3.5
JP Associates 85 PE: JP Associates 85-strike March put option saw addition of long positions in the last session. It added 1,60,000 shares in open interest. Long positions can be assumed in the option at Rs 4.2-4.5 with a stop loss above 90(spot) for targets of 7-7.5.
NOTE: IFCI is always my favourite. I'll check on Monday how it pans out especially for IFCI, ReiInfra and JPAssociates.
