So in that case one can Short Sell ICICIBANK OCTOBER 1100 STRIKE CALL @ 23-24 and Buy around 15.
Friday, 5 October 2012
ICICI BANK
So in that case one can Short Sell ICICIBANK OCTOBER 1100 STRIKE CALL @ 23-24 and Buy around 15.
GOLD
LARSEN & TOUBRO
There is a hanging man candle formed on larsen and tourbo weekly chart(although it was due to flash crash that happened in nifty today),the weekly RSI(69) and daily RSI(76) are suggesting it is highly overbought so we can expect some correction, trade that one can form is by short selling october 1700 strike call @ 27 and buy back around 16.
ADANI POWER
Formation of dark cloud cover pattern on adani power daily chart with RSI also showing overbought signs ,there is decent amount of volume supporting the fact that bears are now active in it, so one can trade on adani power by selling its october futures@ 54 and simultaneously buying 55 october strike call @ 2-2.5 for protection.
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