Deskripsi
⋅ After running a marathon from lows of 300 Levels to its 200 Daily EMA, Oil India showing signs of some tiredness at upper levels.
For me the setup is optimum for a short trade in Futures, Writing 450 call option or Buying a Put. Well take your bet as per risk.
Target for coming week should be 412 . But since its a expiry week be bit vigilant and alert.
CMP- 437.50
Target 412
SL- 453