balaji_damo

ULTRACEMCO - Short idea

Short
balaji_damo Updated   
NSE:ULTRACEMCO   ULTRATECH CEMENT
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.
Comment:
correction - 4150 PE
Trade active
Comment:
Move SL to 4351 or one can wait for re-enrty.
Trade closed manually:
Spot made a low of 4250 and expired at 4275 giving full returns on options trade.

Fut trade is closed manually.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.