Date: 19 MAY, 2017
Scrip Name: BANKNIFTY
Strategy – NAKED CALL BUY
Buy BANKNIFTY 22900 CE above 102, with SL 68 and Target 160-200
Reason – Technically the index has been moving in a higher top and higher bottom formation and has reached near support, indicating positive bias. The 23000 CE has the highest OI indicating that the index is now likely to move towards 23000-23500 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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