Hind Zinc Short Setup

Dec 17, 2016

HINDZINC

RSI Making lower lows, Momentum does not
agree with price.

soon we can sharp move downside.
avoid buy at 52week high levels

Sell Range - Rs282 to Rs287
Stop Loss - Rs296
Target 1 - Rs255
Target 2 - Rs240

Strategy will be to go for PE options (safe side buy Jan Puts rather than Dec Puts)
Futures sellers strict stoploss.

Dec 23, 2016

Trade closed manually

Dec 23, 2016

Note

near support so closed it... wait for pullback to short again..