aparn.siddz
Short

OIL India Getting Tired

NSE:OIL   OIL INDIA LTD
36 0 1
After running a marathon             from lows of 300 Levels to its 200 Daily EMA , Oil             India showing signs of some tiredness at upper levels.

For me the setup is optimum for a short trade in Futures , Writing 450 call option or Buying a Put. Well take your bet as per risk.

Target for coming week should be 412 . But since its a expiry week be bit vigilant and alert.

CMP- 437.50

Target 412

SL- 453

Trade active: ON THE WAY TO TARGET
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