Sell Itc 29 Dec 325 PE @ 2.8-3,Stop Loss 4, Target 1. - Religare Broking
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Derivative Ideas
ITC gained 0.90% and closed at 340.25 on 22nd Nov. Off late the stock has been witnessing some correction after attempting its lifetime highs. But now the stock is looking to find support at its crucial MAs. With fresh long formation of nearly 10-12% in its FUTS, we believe ITC is poised to resume its uptrend and thus suggest selling PE as per the given levels.
Strategy:- SELL ITC 29 DEC 325 PE @ 2.8-3, STOP LOSS 4, TARGET 1.
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