vigneshwaraj
Short

Expiry Strategy: Sell Biocon 720 Call @ CMP 3.

NSE:BIOCON   BIOCON
As price continue to stay below short term downward trend line and close below 50-day EMA with bearish engulfing would keep the trend under bearish territory. Expect Nov series would expiry below 720 and would fetch return of more than 20%p.a post expenses includes brokerage and tax.

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