Sunday, November 17, 2013

A low risk trade idea

Tata Steel has given a strong upmove in the last couple of months and has done well even after results were declared last week.

There is a strong resistance between 376 and 379 (cash), and the stock can give a decline / pullback as long as this resistance is not crossed.

One can buy a Put near the resistance or go short in futures, or go short in 380 CE with a stop loss above 381 cash level.




 

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