Date: 21 JUNE, 2017
Scrip Name: JSWSTEEL
Strategy – NAKED CALL BUY
Buy JSWSTEEL 205 CE above 3.3, with SL 2 and Target 8-10.
Reason – Technically the stock had been moving in higher top and higher bottom formation and is currently in consolidation amid high volumes in last few days indicating positive bias. The 210 CE has the highest OI indicating that the stock is now likely to move towards 215-220 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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