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Published on 7/12/2018 9:11:30 AM | Source: Religare Securities Ltd

Buy Cholamandalam Investment and Finance Company Ltd For Target Rs.1201.00 - Religare Sec

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Derivative Ideas

CHOLAFIN added around 9% in open interest as short buildup was seen in it in previous session. Current chart pattern also indicates further dip in its price. We suggest selling the stock .

Strategy:- Sell Cholafin Dec @1230-1232 sloss at 1248, target 1201.

 

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