vigneshwaraj

Expiry Strategy: Sell Biocon 720 Call @ CMP 3.

Short
NSE:BIOCON   BIOCON LTD
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.