Singh_Siddz

OIL India Getting Tired

Short
Singh_Siddz Pro+ Updated   
NSE:OIL   OIL INDIA LTD
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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