BSE:SAIL   STEEL AUTHORITY OF INDIA LTD
1
Sail has moved beyond the channel ! one should not be taking a buying view now as the move can b a whipsaw !!

sell at evry levels now!! one can safely sell the the stock on every rise or can short the feb 65CE@1.6...
Comment: Part booking 65CE at 80 paisa ... Profit of 9600 per lot !

Can book entirely or hold Til month end also !
Trade closed: target reached
Comment: Sail once again in the sell zone !
Can wait for 3-5% rise n then sell !

It has risen from 48 levels within a short span and should find difficulty crossing 65 ..

The view is invalidated if 65 is crossed with volumes !

Idea:
Sell the 65 CE Feb
SL - close above 65 with volumes
Trade active
Comment: Adding more short 65CE
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