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Intraday Derivatives Call Buy CENTURYTEX 1320 CE above 35.6, with SL.. - IndiaNotes.com
Intraday Derivatives Call Buy CENTURYTEX 1320 CE above 35.6, with SL..
Nirmal Bang | Published: 07 Sep, 2017  | Source : IndiaNotes.com

Date: 07 SEPTEMBER, 2017

Scrip Name: CENTURYTEX

Strategy – NAKED CALL BUY

Buy CENTURYTEX 1320 CE above 35, with SL 29 and Target 47-55

Pay off:



Reason – Technically the stock had been moving in higher top and higher bottom formation, indicating  positive bias. The 1300 CE has the highest OI indicating that the stock is now likely to move towards  1330-1350 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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