Stock Futures: Which stocks should traders buy as indices hit a nine-month high?
As benchmark indices hit a nine-month high in the last week of June, traders are looking to ride the bullish wave. A look at some of the stock futures that have seen higher-than-average rollovers to the July series and poised to move up further.
HPCL
CMP: Rs 439 Change in Open Interest in July Series: 9% Change in Price in July Series: 4.3%
- Decline in crude oil prices has supported oil marketing companies move higher, said Chandan Taparia, head of technical and derivatives research at Motilal Oswal Financial Services.
- “The stock has seen meaningful long additions on Friday and has been making higher lows for the last 4 trading sessions,” he said.
- The stock also gave a consolidation breakout after 35 long weeks. Traders can buy the…
