Scrip Name: UNIONBK
Strategy – NAKED CALL BUY
– Technically the stock had been moving in sideways formation and has moved up from support with high volumes, indicating positive bias. The 140 CE has the highest OI indicating that the stock is now likely to move towards 145-150 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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