Date: 14 JULY, 2017
Scrip Name: MARUTI
Strategy – NAKED PUT BUY
Buy MARUTI 7500 PE above 77.5, with SL 69 and Target 99-105
Reason – Technically the stock had been moving in higher top and higher bottom formation, however the stock has reached near stiff resistance and witnessed high volume near highs indicating selling pressure. The 7000 PE has the highest OI indicating that the stock is now likely to move towards 7300-7000 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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