Buy BANKNIFTY 21600 CE above 110 with stop-loss 80
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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.
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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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