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Short Titan 1240 May CE

NSE:TITAN   TITAN COMPANY LTD
Titan has been in a bull run since last 7 months. After long long time, RSI has fallen below 60 levels showing bulls are loosing power. As per daily pivot chats, R3 stands at 1217. Currently Titan 1240 CE is available for 12 rupee premium. 1240 CE seems to be a perfect short candidate with margin requirement of 1.6L and net ROI of 5.47%. If Titan Breaks 1220 will do adjustments.
Comment: You can track the payoff graph and live performance of the above spread using the below link.
http://opstra.definedge.com/strategy-bui...
Comment: Disclaimer: Objective of this post is to educate and help all members earn profit from trading. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE/BSE/MCX market basis above recommendations. All the stock picks are momentum picks chosen using technical indicators and for education purpose only. I am not responsible for profit and losses or SEBI audits arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades or trade at your own risk.

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