Balkrisind- shorting opportunity
Idea: Given the current market conditions one can initiate short in Balkris ind. For the current expiry one can buy 2100 PE at Rs 20-22 with target of 50 and SL of Rs 7.
Once 2050 is broken decisively (earlier demand zone) target 1 and target 2 would be possible in Sep series.
Basis: It has broken the trend line on the lower side and given the bearish conditions with Nifty probably approaching 17000 the stock can fall further.
(Above is for educational purpose only. Pl consult your financial advisor before investing/trading).
Once 2050 is broken decisively (earlier demand zone) target 1 and target 2 would be possible in Sep series.
Basis: It has broken the trend line on the lower side and given the bearish conditions with Nifty probably approaching 17000 the stock can fall further.
(Above is for educational purpose only. Pl consult your financial advisor before investing/trading).
Aviso legal
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