Projecting Capital Finance on its demand zone
of 720 levels. It had been consolidation on 680-720 since months and shown a breakout towards 800 some times back. In terms of fundamentals of the industry of NBFC, it is a great buy.
CAPF August 700 PE is at 4.8.
CAPF September 720 PE is at 22.
There is no point of buying CAPF August Futures
at the time of expiry but September Future is at a high premium of 715 while the spot is 712.05.