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Published on 9/10/2019 10:36:46 AM | Source: Religare Securities Ltd

Option Strategy Bank of Baroda Ltd by Religare Securities

Posted in Broking Firm Views - Short Term Report| #Bank of Baroda #Banking Sector #Trading Report #Religare Securities Ltd

Bank of Baroda (BANKBARODA)

In line with other PSU banking counters, BANKBARODA has been maintaining a downtrend for long and still there’s no sign of reversal yet. In fact, it has recently posted a fresh breakdown from its month-long consolidation phase and likely to test the monthly support zone around 80 levels.

Recommendation

Sell Bank of Baroda Ltd Oct Futs @ 88-91 Stoploss 93 Target 80 CMP 87

 

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