India cement - Oversold - sell on rise Short

INDIA CEMENTSNSE

Description

⋅ Jan 7, 2022 1:17 PM

Sell > 247 to 251
easy tg - 235

Highly overbought, no more upper circuits.
Likely to consolidate from here.

One can sell call spread,

sell 250 CE cmp 6.6 and buy 260 CE cmp 3.8
You can eat premium of 3.8.

Comments

VivekGolchha

⋅ Jan 8, 2022 10:52 AM

Is it so simple, because I always see the options is very fluctuating market....

ShreeGanesh_1991

⋅ Jan 9, 2022 1:44 PM

@VivekGolchha, not simple, but this strategy is safe. At this level, emotional profit booking will come. Let's see. You can check "Bear Call Spread".