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Intraday Derivatives Call: Buy RELINFRA 500 CE above 7 with stop-loss 4

Nirmal Bang | 19 Jun, 2017  | Follow Author | Add to my Favourites 
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Scrip Name: RELINFRA




Buy RELINFRA 500 CE above 7, with SL 4 and Target 13-18


Reason – Technically the stock had been moving in lower top and lower bottom formation and has reached near support level, indicating buying may arise from current levels. The 500 CE has the highest OI indicating that the stock is now likely to move towards 510-520 levels in near term.


Pay off:



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454.85 +14.20
454.55 +14.60
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About Nirmal Bang

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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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.

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