(Short Term Stock Futures)
October 17, 2016
LT (Till October Expiry)
This counter since August series has been trading in a range of
1540. We witnessing
that most of the shorts that were formed in last two series are out now of the system. While, we
are observing fresh short formation with fall in price and strength in this stock are not supported
with longs. Hence, we expect further short formation in this counter, which may break the lower
side of the range. Thus, traders are suggested to form short for the target of
Profit Booked @ 2325
Profit Booked @ 258.50
Research Team Tel: 022 - 39357800
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