F&O Query: Should you buy Hindustan Petroleum and Godrej CP futures? - News Summed Up

F&O Query: Should you buy Hindustan Petroleum and Godrej CP futures?


I have bought 4 lots of Hindustan Petroleum January 25 futures at ₹403. Santhosh ReddyHPCL (₹450.80): Hindustan Petroleum Corporation Ltd (HPCL) and its futures has been steadily gaining since November last year. Towards the end of 2023, HPCL futures confirmed a bull flag breakout. So, once the market opens, place stop-loss at ₹430 as HPCL futures closed at ₹451.20 on Friday. Consequently, Godrej CP futures, after marking a high of ₹1,234 on January 5, has now declined to ₹1,157.20.


Source: The Hindu January 14, 2024 05:50 UTC



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