BTST Derivatives Call: Buy KSCL 460 CE above 11.5 with SL 6
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Scrip Name: KSCL
Strategy – NAKED CALL BUY
Buy KSCL 460 CE above 11.5, with SL 6 and Target 22-26
Reason – Technically the stock has witnessed a breakout of long consolidation indicating positive bias. The 440 CE has the highest OI which has been broken above indicating that the stock is now likely to move towards 480-500 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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