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Positional Derivatives Call: Buy NMDC 105 CE above 4.25 with stop-loss 2 - IndiaNotes.com
Positional Derivatives Call: Buy NMDC 105 CE above 4.25 with stop-loss 2
Nirmal Bang | Published: 19 Aug, 2016  | Source : IndiaNotes.com

Date: 19 AUGUST, 2016


Scrip Name: NMDC


Strategy – NAKED CALL BUY


Buy NMDC 105 CE above 4.25, with SL 2 and Target 8-11


Reason – Technically the stock has witnessed breakout above 105 levels resistance area, the stock is likely to witness further buying towards 115-120. The 110 CE has the highest OI amongst calls indicating that the stock is likely to move towards 115-120 levels in near term.


Pay off:


 

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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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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.

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