sell on rise..... COULD SEE IT SLIDE TOWARDS 485
very weak stock and could see it slide towards the 50% retracement at 485.
The put call ratio translates to about 1.1 and see massive selling in bharthi from last week.
We could see high amount of put writers at 500 level but nothing compared to the the call writers.
550 call positions at 57.5 lacs an increase by 8% and also see massive increase in OI at 500 and 510 strike levels almost double the positions.
This is a good shorting opportunity on rise to 510-520 levels with strict stop at 525
The put call ratio translates to about 1.1 and see massive selling in bharthi from last week.
We could see high amount of put writers at 500 level but nothing compared to the the call writers.
550 call positions at 57.5 lacs an increase by 8% and also see massive increase in OI at 500 and 510 strike levels almost double the positions.
This is a good shorting opportunity on rise to 510-520 levels with strict stop at 525
Trade closed: target reached:
Target reached