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Short BataIndia Mar Future

NSE:BATAINDIA   BATA INDIA
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2
3 Attempts to break 1283 levels has failed and stock has fallen down to 1260 odd levels. Stock has rallied upto 0.786 Fibonacci extensions from its SPL . Short BataIndia March Future positionally for a target of 1230/1217/1200 levels in near future.
Comment: Disclaimer: Objective of this post is to educate and help all members earn profit from trading. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE/BSE/MCX market basis above recommendations. All the stock picks are momentum picks chosen using technical indicators and for education purpose only. I am not responsible for profit and losses or SEBI audits arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades or trade at your own risk.
Comment: Looks risky and existing trade is in loss. Good to average it around 1310-1320 levels.

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