BTST Derivatives Call: Buy ASHOKLEY 87.50 CE above 1.4, with stop-loss 0.2
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Date: 24 JANUARY, 2017
Scrip Name: ASHOKLEY
Strategy – NAKED CALL BUY
BTST Derivatives Call Buy ASHOKLEY 87.50 CE above 1.4, with SL 0.2 and Target 3.5-6
Reason – Technically the stock has witnessed breakout of falling trendline formation, indicating positive bias. The 90 CE has the highest OI indicating that the stock is now likely to move towards 90-92 levels in near term.
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Founded in 1986 by Nirmal Bang, the Nirmal Bang is recognized as one of the largest retail broking houses in India, providing an array of financial products and services. Their retail and institutional clients have access to products such as equities, derivatives, commodities, currency derivatives, mutual funds, IPOs, insurance, depository services and PMS. The Group is headed by Mr. Dilip Bang and Mr. Kishore Bang.
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