Aug 22, 2016
BANBARODA (Till Expiry)
This counter bounced from
148 levels but we hardly saw any traces of long formation in this
move. This rally was mainly due to short covering. On Friday, we also witness huge amount of
profit booking in 150 and 155 call options. This counter also has strong resistance near
164 levels. We expect fresh formation in this counter at current levels. Hence, traders are
suggested to go short in this stock for the target of
Booked profit @ 252.50
100.50 - 101
Exited @ 101.40
99 - 99.50
Research Team Tel: 022 - 39357800
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