Bharti Airtel
Derivative Update
Bharti Airtel … gain 0.50% open interest as short buildup.
Forming symmetrical triangle on daily chat having breakout point at 410. Break and sustain below 410 will take it to 400—392 and then to 385.00 mark.
Hurdle and stop loss above 420.00
Trading Recommendation
Sell Bharti Airtel (Aug) Future below around 410.00 with stop loss above 420.00 on closing basis for the initial target of 400--392 and then to 385.00
Or
Buy 400 PE around 7.50--7.10 stop loss 2.00 Target 15.00--18.00++
More will update soon!!
