The Hindu Business Line : Outlook likely to turn positive for Colgate, Nalco

Colgate: The May futures contract closed at 192.05. The outlook may turn positive if the May contract trades above 195. The upside target range is 204-207.

Buy May futures after it trades above 195. Initiate the position with protective stop at 188. Trail the stop to control the downside risk. The margin on the futures position is approximately 16 per cent of the contract value. The minimum order size is 1050 units. The open interest position is about 10 per cent of the market-wide limit. No alternative strategies are available, as options on the stock are not actively traded.

National Aluminium: The May futures contract closed at 145. The outlook may turn positive if the May contract trades above 146.60. The upside target range is 152-155.

Buy May futures after it trades above 146.60. Initiate the position with protective stop at 142. Trail the stop to control the downside risk. The margin on the futures position is approximately 18 per cent of the contract value. The minimum order size is 1150 units. The open interest position is about 30 per cent of the market-wide limit. No alternative strategies are available, as options on the stock are not actively traded.

LIC Housing: The May futures contract closed at 246.15. The outlook may turn positive if the May contract trades above 249. The upside target range is 261-266.

Buy May futures after it trades above 249. Initiate the position with protective stop at 239. Trail the stop to control the downside risk. The margin on the futures position is approximately 18 per cent of the contract value. The minimum order size is 850 units. The open interest position is negligible. No alternative strategies are available, as options on the stock are not actively traded.

(The opinion expressed in this column is based on technical analysis. There is risk of loss in trading)

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