Biocon has retraced 23.63% and it is near support. I bet it will fall down.
Short 350 CE @ 9.05 .... 9.05*1800=16290 profit if biocon stays below 350 at expiry
Short 320 PE @ 2.00 .... 2.00*1800= 3600 profit if biocon stays above 320 at expiry
Short 350 CE @ 9.05 .... 9.05*1800=16290 profit if biocon stays below 350 at expiry
Short 320 PE @ 2.00 .... 2.00*1800= 3600 profit if biocon stays above 320 at expiry
Commentaire:
Short 350Ce is aggressive setup