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Derivative Ideas

CEATLTD added around 1.5% 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 CEATLTD options as per below levels.

Strategy:- Buy CEATLTD 1140 CE between 26-27, Stop loss - 18, Target - 44 for 4-6 trading sessions.

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