ULTRACEMCO - Short idea

Cements stock has risen due to some news.

So keep strict SL.

One can go short at or below 4273 with SL at 4316 for T1 - 4225 T2 - 4200

Alternatively one can go short on 4150 DEC CE at 45 and 4350 DEC CE at 71 together for 23200 INR in 14 days.
Dec 13
Comment: correction - 4150 PE
Dec 14
Trade active
Dec 15
Comment: Move SL to 4351 or one can wait for re-enrty.
Dec 29
Trade closed manually: Spot made a low of 4250 and expired at 4275 giving full returns on options trade.

Fut trade is closed manually.


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