Sell United Phosphorus Ltd For Target Rs.685 - Religare Broking
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Derivative Ideas
UPL FEB FUTS shed 2.94% and closed at 704.6 on 21st Feb. The stock has been in a downtrend for a while now. Now closing below 716 with fresh shorts added in UPL FUTS, it is poised to test 680 levels. We recommend to go Short in UPL FEB FUTS.
Strategy:- SELL UPL FEB FUTS@ 711-715 SLOSS AT 723 TRGT 685.
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