The stock's volatility has jumped-up significantly in last 2-3 days.
The stock has resistance around 3700, and support around 3400 levels with a minor gap.
The trend isn't that strong yet - but keep a eye on, in case it changes.
The level of 3700 has maximum CE OI built up, so will act as a signifiant resistance in Dec series.
Idea 1 (less margin) : Sell...
The stock is consolidating after good run-up in monthly and weekly, and has gone sideways in daily chart. On 2-h chart, it is forming lower highs & lower lows (all signs of consolidation). Weekly resistance is around 210, while weekly support is around 165 levels.
Trend strength is also fading, as suggested by ADX and RSI as well.
As per open interest analysis,...
