Thata a trap for sellers. My view di not sell. Will see 500 aoon. Disclaimer. I am long on this stock.
rupesh.v.desai
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@dhirajsabharwal28, along with this chart, OI data also suggests short built up.
dhirajsabharwal28
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@Rupesh.v.desai, ok rupesh. But it went to 500 just 4 days back. May be OI data suggests fresh short built up. Previous low was 432. Would retest. If it breaks down then for sure 340 is the target.
Trade-Wealth
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Friends worst case it will retest 485, that also great shorting opportunity. If you have long kindly exist on bounce.
dhirajsabharwal28
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@mdhaamu, yes am having 500 CE Sep. 2 lots. Should I hedge with 4 lots of 480 PE Sep. What say brother.
Trade-Wealth
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@dhirajsabharwal28, Exist on bounce is the best solution. Expiry has long way, you may not recover your premiums.