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.
Trade closed manually
Comment:
near support so closed it... wait for pullback to short again..
