Hero is an intraday sell to 2400, given further fall in global indices/nifty below 16000.
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Hero is banking on future growth, several years/quarters down the line. Until then, it is expensive for buying.
Hero's delayed entry into electric vehicle market—and competition with existing electric-vehicle rivals would be challenges they face.
In the face of an economic recession, hero trying to boost sales by relying on EMI and debt will backfire and lead to unprecedented falls in the scrip.
Waiting for Hero to go few points up to place bearish positions, today.
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Entered short at 2604.
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Nifty auto down 1%, hero is yet to correct.
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Going to sell CE (call option) as well, will post updates.
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Further fall in auto nifty, going to sell CE option now.
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Nifty auto is 2 percent down. Hero yet to start correction.
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Auto nifty further down, hero is yet to correct. Will hold positions till next quarterly results.
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Nifty closing 15 minutes earlier today, because of selloff.
Trade closed manually
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Okay, we might have 15 more minutes.
Booking futures short at smaller profit, will re-enter if there's an upmove.
Holding the sold CE. Will accumulate CE (sell call option) if there's an upmove.
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Will wait for upmove before accumulating more positions.