EXIDE reversed from its resistance level. For THETA DECAY- For conservative entry one can sell EXIDE SEPT 230CE at 1.45 with a lot size of 4000 for a potential profit of 5800. For aggressive entry one can sell EXIDE SEPT 225CE at 2.3 for a potential profit of 9200. Our take profit is at the level of 61.8% based on Fibonacci lines.
As we can see SIEMENS reached the support level and consolidated there for some time and retraced from the support level . It can be bought with a target of 1381 i.e. the 61.8% retracement level with stoploss at just below the support level i.e. 1265 for theta decay one can sell SIEMENS 1240pe at 10.10 with a lot size of 500