balaji_damo
Long

Centurytex - long idea

NSE:CENTURYTEX   CENTURY TEXT & IND
This stock had a synthetic fall with Arvind             due to results.

One can go long at or above 1380 for T1 - 1400 T2 - 1420 with SL at 1340 Please keep strict stop loss as it is against trend.

alternatively one can go short on 1300 PE at 14.50 and 1500CE at 11.50 for 15.5k in a month.

This requires patience and trade management. It just had results out so IV seems to be low. (This trade is targeted for expiry)
Comment: Trade not active
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