tradezed

M&M Short Idea

Short
NSE:M_M   MAHINDRA &MAHINDRA


IF M&M sustains below 630,
Potential short position via M&M 630 PE

Stop loss if 631+

ZDAY data:
Correlation: -0.78

Interpretation:
- Money is being pulled out
- Price has been moving up
- If Price falls, Correlation improves, giving a good shorting opportunity
Beware, correlation is not a random walk.

Max hold till 19th Nov


Will update here if short position is taken
Comment: entered at 639 via 640 pe
Order cancelled