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HinduBusinessLine

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F&O Strategy: Buy Bank of Baroda put

  • The decline in Bank of Baroda stock is steady and may continue lower with support at ₹225 and a possible further drop to ₹210.
  • Traders are advised to consider buying a 235-put option of July expiry, which closed at ₹3.95, with a target price of ₹10 when the stock falls to ₹225.
  • Alternatively, traders with higher risk-appetite can go short on Bank of Baroda July futures, aiming for a target and stop-loss at ₹227 and ₹243.20 respectively.
  • Caution is advised as there is a risk of loss in trading, and the recommendations are based on technical analysis and F&O positions.

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