Date: 17 MAY, 2017
Scrip Name: RELINFRA
Strategy – NAKED CALL BUY
Buy RELINFRA 620 CE above 10, with SL 6 and Target 18-22
Reason – Technically the stock has been moving in higher top and higher bottom formation, indicating positive bias. The 620 CE has the highest OI indicating that the stock is now likely to move towards 635-640 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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