Short Sell Ircon international- Three White Soldiers

The current Indian Market scenario clearly shows that nifty wont show a significant recovery in the near term amid expected RBI repo rate hike as well unfavourable 2 Cs- Currency and Crude oil rates. Keeping these macros in mind, in my opinion this newly issued IPO , trading at discount will further see a new bottom formation at the levels of 409/410. Its a great buy at those levels for a short term of 2/3 months

Trade closed: target reached:

Short SELL reached, see a further down side in the closing market session, a sell of is expected in today's session