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Intraday Derivatives Call: Buy BANKNIFTY 11MAY 22900 CE above 49 with stop-loss 18 - IndiaNotes.com
Intraday Derivatives Call: Buy BANKNIFTY 11MAY 22900 CE above 49 with stop-loss 18
Nirmal Bang | Published: 10 May, 2017  | Source : IndiaNotes.com

Date: 10 MAY, 2017


Scrip Name: BANKNIFTY


Strategy – NAKED CALL BUY


Buy BANKNIFTY 11MAY 22900 CE above 49, with SL 18 and Target 105-125


Reason – Technically the index has been moving in a higher top and higher bottom formation, indicating positive bias. The 23000 CE has the highest OI indicating that the index is now likely to move towards 23000 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.