F&O strategy on Hindalco, Bharat Forge

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F&O strategy on Hindalco, Bharat Forge

F&O strategy on Hindalco Industries and Bharat Forge by IL&FS Investsmart.

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F&O strategy by IL&FS Investsmart.

Hindalco Industries: Buy Hindalco Industries January Futures at Rs 153-154 with a target price of Rs 161 keeping a stoploss at Rs 150. The open interest in the stock has moved up by 6.25% coupled with a rise in the market price and could lead to some more upside.

Bharat Forge: Buy Bharat Forge January Futures at Rs 403-404 with a target price of Rs 412 keeping a stoploss at Rs 399. The open interest in the stock has moved down by 4.90% coupled with a rise in the market price and could lead to some more upside.