Date: 13 JULY, 2017
Scrip Name: YESBANK
Strategy – NAKED CALL BUY
Buy YESBANK 1560 CE above 24, with SL 19 and Target 34-40
Reason – Technically the stock had been moving in higher top and higher bottom formation, indicating positive bias. The 1540 CE has the highest OI which has been broken above indicating that the stock is now likely to move towards 1600 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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