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Intraday Derivatives Call: Buy BEML Future 1372 with stop-loss 1350 -
Intraday Derivatives Call: Buy BEML Future 1372 with stop-loss 1350
Nirmal Bang | Published: 15 May, 2017  | Source :

Date: 15 MAY, 2017

Scrip Name: BEML

Strategy – FUTURE BUY

Buy BEML Future 1372, with SL 1350 and Target 1405-1425

Reason – Technically the stock has been moving in higher top higher bottom formation and is currently placed near support area, indicating positive bias. The 1400 CE has the highest OI indicating that the stock is now likely to move towards 1400-1420 levels in near term.

Pay off:


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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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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.