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You are here : IndiaNotes >> Market Action >> Derivatives

Intraday Derivatives Call: Buy TATAMOTORS 520 PE above 1.7 with stop-loss 0.5

Nirmal Bang | 23 Jan, 2017  | Follow Author | Add to my Favourites 
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Scrip Name: TATAMOTORS


Strategy – NAKED PUT BUY


Buy TATAMOTORS 520 PE above 1.7, with SL 0.5 and Target 5-8

 

Pay off:

 


Reason – Technically the stock has reached near resistance level and is witnessing supply pressure near the same. The 500 PE has the highest OI indicating that the stock is now likely to move towards 510-500 levels in near term.



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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 IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.




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