Hello Investors/Traders,
Today I am presenting my investors and traders an opportunity where they can invest/trade taking cues from Derivative segment.
Hexaware Technologies Ltd trading at 109 has given a complete breakout and has entered into new territory. Stock is trading the levels which it had not seen since last two years.
Now taking cues from Derivative segment stock is going up since last many days with increasing Open Interest which has propelled the stock price from sub 90 levels. Stock did consolidate at 105 levels. Now again it has broken that range.
Today, Monday, 20/12/2010, stock closed 2.55% up with increase in Open Interest by 10.87% in a weak to flat market.
The stock is suggesting lot of accumulation and in short to medium term should cross 124 levels.
Investors/Traders are advised to accumulate Hexaware in two tranches, first from current levels, and second sub 104 levels if available.
Target 124 plus in short to medium term.
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