Rising interest puts these stocks on F&O watchlist

economictimes.indiatimes.com:

BULLISH BETS

Punjab National Bank CMP: Rs 104.7
READING: 48% increase in OI in November futures with a 3.5% price gain, indicating bullish build-up.

RECOMMENDATION: “The shift in stock sentiment was observed after the company reported a net profi t jump of 145% and asset quality improvement,’’ said Rajesh Palviya, head of technical and derivatives research at Axis Securities. Traders can buy in the range of Rs 105-103 with a stop loss of Rs 100 for a target of Rs 110-112, he said.

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