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Published on 6/12/2018 9:20:40 AM | Source: Religare Securities Ltd

Buy Mahanagar Gas Ltd For Target Rs.29.00 - Religare Sec

Posted in Broking Firm Views - Short Term Report| #Mahanagar Gas Ltd #Oil and Gas Sector #Trading Report #Religare Securities Ltd

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Derivative Ideas

MGL added around 4% in open interest as long buildup was seen in it in previous session. Current chart pattern also indicates further surge in its price. We suggest buying MGL in option as per below levels.

Strategy :- Buy MGL 880 CE between 14-16, Stop loss - 7, Target - 29 for 4-6 trading sessions.

 

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