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Intraday Derivatives Strategy: Buy Dr Reddy's Future above 2075, with SL 2040 and Target..

Nirmal Bang | 24 Aug, 2017  | Follow Author | Add to my Favourites 
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Date: 24 AUGUST, 2017

Scrip Name: DRREDDY

Strategy – FUTURE BUY

Buy DRREDDY Future above 2075, with SL 2040 and Target 2145-2185

Pay off:

Reason – Technically the stock had been moving in lower top and lower bottom formation but has

witnessed a doji reversal with volumes indicating buying in near term. The 2100 CE has the highest OI

indicating that the stock is now likely to move towards 2150-2200 levels in near term.

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2,121.30 +0.00
2,167.05 +43.60
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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.

For more information please write in to [email protected]

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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