theta decay idea with a Support and resistance setup as there is lot of resistance at 520 for havells so in this trade setup we short 530ce@ 4.20
company being in agri business with good monsoon there will be good demand for products for agriculture product(machines,pipes) with a good q2 results expectation and bullish market a trade can be initiated at 99.35 with a CBSL of 89.4 and target of 112
theta decay idea with a Support and resistance setup as there is lot of resistance at 520 for havells so in this trade setup we short 530ce@ 4.20 with no major news in offing.
there is resistance at 460, with no fundamental news future, it looks like the bull run of ioc has lost the steam it is safe to short 470ce @ 8.50
with the bullishness in pharma industry due to fda approvals(40% of us market) and lupin has bottomed out with a trend reversal,which is visible in our charts. a conversative setup for a short term enter at around 990 with CBSL of 920 and target of 1045 newslink given below www.financialexpress.com