INDIACEM ( Futures ) has closed at 95.35. This stock
has closed with a huge 9 % down move. This stock has given a clear break down. As
per our breakout / breakdown trading policy, every breakout / breakdown stock
is a trading opportunity. Since the stock recommendation is from Futures &
Options segment, and the lot size a bit higher as compared to the volatility
and daily movement of the stock so those who intend to trade in this stock,
please trade with the discipline and with a strict Stop Loss mentioned below. As
this is a short selling call so obviously one cannot trade in cash segment as
one can not carry the short position for next day if required so only professional
traders are advised to take the trade and that too with utmost caution and
discipline to apply the Stop Loss.
One can initiate a
short position in this stock for
the targets of 89 and 83. In case of closing below our second target of 83, the
levels like 70 and 73 are also not ruled out. A strict and closing basis Stop
Loss must be maintained at 101.
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