Buy Bata India Ltd. 1700PE For Target Rs. 72 - Religare Broking
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Derivative Ideas
BATAINDIA shed 3.04% and closed at 1722.5 on 4th Mar. The counter witnessed a breakdown of the neckline of H&S pattern. Trading below 1780, BATAINDIA is poised to test its support at 1630 levels. We recommend to go Short in BATAINDIA with the PE option.
Strategy:- BUY BATAINDIA MAR 1700 PE @ 48-52, SLOSS AT 38, TRGT 72 .
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