Date: 19 MAY, 2017
Scrip Name: WIPRO
Strategy – FUTURE BUY
BTST Derivatives Call Buy WIPRO Future above 520.5, with SL 510 and Target 540-550.
Reason – Technically the stock has been moving in higher top and higher bottom formation, indicating positive bias. The 530 CE has the highest OI indicating that the stock is now likely to move towards 540-550 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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