Date: 10 APRIL, 2017
Scrip Name: BANKNIFTY
Strategy – NAKED PUT BUY
Buy BANKNIFTY 13APR 21400 PE above 78, with SL 50 and Target 140-160
Reason – Technically the index has important resistance at 21500 and is likely to witness supply pressure near the level. The 21000 PE has the second highest OI indicating that the index is now likely to move towards 21200-21000 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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