I'm expecting some profit booking at the end of the week so some short calls are in my list:
ICICI Bank: Stock is clearly is out of buying interest and avg. rollover price stands at around 850. With 863 as stop loss trade can be done for 830 and below targets. Check out the chart. Built up of O.I of around 1 crore shares are totally on short side.
Balrampur Chini: Stock has been range-bound in last 3-4 sessions within 78-81 range and O.I is clearly indicating that longs are unwinded in the meantime. A break from this trading range can give targets of 74 and below keeping SL of range high of 81.
Hope you liked it.
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