Idea:87.60 SHORT TERM CALL: above 87 next week target 95 & 99

VODAFONE IDEA LTDNSE

Description

⋅ Apr 9, 2017 8:22 AM

Idea was in news for sometime and it made an unexpected gain,
with out any strong fundamental. This is a call on request for an F&O trade.
I always follow cash data. so below are the cash price levels expected.
Idea:87.60 SHORT TERM CALL above 87 next week target 95 & 99

where as on down side below 85 it can go to 80

Comment

⋅ Apr 15, 2017 3:05 AM

This definitely was not a good idea. the trade failed.
Note that the price didt move higher, but the said STOP is protected.

Comments

kmr_amr

⋅ Apr 12, 2017 7:06 AM

Hi...Is this still valid today, it went down briefly to 86.70 and currently trading around 87.40.

padiyara

⋅ Apr 12, 2017 7:18 AM

@kmr_amr, valid as long as it hold above 86.

The weekly chart is showing weakness, so , do not expect a target great than second resistance.
strict stop 86.