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Intraday Derivatives Call: Buy BANKNIFTY 20APR 21800 PE above 80 with stop-loss 50 - IndiaNotes.com
Intraday Derivatives Call: Buy BANKNIFTY 20APR 21800 PE above 80 with stop-loss 50
Nirmal Bang | Published: 18 Apr, 2017  | Source : IndiaNotes.com

Date: 18 APRIL, 2017


Scrip Name: BANKNIFTY


Strategy – NAKED PUT BUY


Buy BANKNIFTY 20APR 21800 PE above 80, with SL 50 and Target 135-155


Reason – Technically the index has reached near resistance level and is likely to face stiff selling pressure. The 21500 PE has the highest OI indicating that the index is now likely to move towards 21500-21400 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.