Sell futures at Rs 1,780-1,795
Target Price | Rs 1,625
Stop Loss | Rs 1,878
Target Price | Rs 1,625
Stop Loss | Rs 1,878
Last Friday, the stock closed below its important support of Rs 1,800, which is a negative sign. On the options front, aggressive Call writing has been seen in ATM and near ATM strikes suggesting limited upsides. With the stock trading below its support area, we expect it to remain under pressure and slide towards Rs 1,600 levels.
(ICICI Direct)
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)
