Amit_Ghosh
Short

[Positional] Justdial Short Sideways Trend

NSE:JUSTDIAL   JUST DIAL LTD
First, we can see it is on the upper range of a sideways trend. But if we see the futures chart, it has a muted rise!

As per OI data (https://unofficed.com/nse-stock-options/...)

https://unofficedforum.s3.dualstack.us-e...

It is in support of fall only. Where we can not monetize the fall properly as futures prices are already down!
The PCR is 0.64 which is shit. It means two times calls are sold instead of one put sell almost.

We need to short the future but if we see the stop loss in the equity which is around 40 points upside -
.

It is absurd as futures being in discount the entry is at far below!



This is the first target. The max pain is also at 560. As per money flow , unless there is fundamental cue (which is not here), it will test this level once before it decides where to go next.



This is target II and There should be a consolidation here for sure as we can see many transactions at this level.

Resistance became support!

We will exit full here. So the end line is -

Short Justdial Futures at 603.3 with a stop loss at 620. Target I is 562. Target II is 545.
Comment: Shorted Justdial at 613.65 with stop loss at 620.25
Comment: Justdial's current CMP is 603.8. I have no positions and booked the trade twice in scalp though. Will short near 610 zone tomorrow again seeing if it is gapping down or up.
Day trades hit target as Tview posts it after 15 mins! Get trades instantly and discuss the trades with me at FREE Slack Channel @ https://unofficed.com/chat/

For BankNIFTY community, FREE Discord: https://discordapp.com/invite/qmnGD2x
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out