vigneshwaraj

Expiry strategy: Sell 220 call @ 4.6 & Buy 225 call @ 3.4.

Short
NSE:HINDALCO   HINDALCO INDS
Trend continue to be negative as 50day EMA below 200day EMA . As well, MACD confirms the downtrend. Recent reversal from 200day EMA signals expiry would below 220.
By considering major event (Election Result) in the upcoming weeks, prefers to execute spread strategy rather using our regular naked strategy.