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Buy BANKNIFTY 21600 CE above 110 with stop-loss 80

Nirmal Bang | 21 Apr, 2017  | Follow Author | Add to my Favourites 
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Scrip Name: BANKNIFTY


Strategy – NAKED CALL BUY


Buy BANKNIFTY 21600 CE above 110, with SL 80 and Target 170-200

 

Reason – Technically the index has been moving in a higher top and higher bottom formation, indicating positive bias. The 22000 CE has the highest OI indicating that the stock is now likely to move towards 22000 levels in near term.


Pay off:




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




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