We can take a short in positional trade by selling futures in intraday. However to carry the short position to next day, it is always better to hedge your position by buying a ATM CALL Option to cover risk against any GAP-UP opening.
The stock has broken crucial support level of 192 on Friday and there is a short buildup in the futures with an increase in open interest of 5.93 % on Friday, the stock could be a good opportunity for short
Bullish engulfing pattern : The stock has given out a channel breakout , breaking the resistance level at 1428 level with a engulfing candle pattern on Friday. And moreover when we look at the option chain data we
The risk is 0.90 and profit is Rs 8. There is a buy in the stock as indicated by MACD indicators from level of 50. The stock will face resistance at the level of 66. If it crosses the first resistance, it could
The stock looks attractive at this level 58.90 with high volume. The stock could move to the higher levels of Target 67 within a span of 2 weeks. This is a positive news about disinvestment happening from
The stock will face resistance at current level, Buy at level of 244.5, Stop loss : 261, Target :216.6. The stock can go down to level of 216.6 and can earn a good profit on taking short position.Please consult
Bullish engulfing pattern after recent down trend; Buy at 687, Target-722.8, Stop loss :670.3MACD Technical indicator showing buy signals above 684.5 (MACD line crossing signal line and is currently above the signal line.