Hind Zinc Short Setup

17 Ara 2016

HINDZINC

RSI Making lower lows, Momentum does not
agree with price.

soon we can sharp move downside.
avoid buy at 52week high levels

Sell Range - Rs282 to Rs287
Stop Loss - Rs296
Target 1 - Rs255
Target 2 - Rs240

Strategy will be to go for PE options (safe side buy Jan Puts rather than Dec Puts)
Futures sellers strict stoploss.

23 Ara 2016

İşlem elle kapatılmış

23 Ara 2016

Not

near support so closed it... wait for pullback to short again..