Intraday Derivatives Call: Buy JUSTDIAL 360 CE above 2.5, with stop-loss 0.2
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Date: 24 JANUARY, 2017
Scrip Name: JUSTDIAL
Strategy – NAKED CALL BUY
Buy JUSTDIAL 360 CE above 2.5, with SL 0.2 and Target 8-12
Reason – Technically the stock has witnessed support buying near important support levels, indicating positive bias. The 360 CE has the highest OI indicating that the stock is now likely to move towards 365-380 levels in near term.
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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