Amararaja has given a good bull run after a continuous down fall.
Given the rise is too sharp there will be a retracement.
One can go short below 780 with for T1 - 768 T2 - 748 T3 - 729.
SL at 797 or 807 (based on risk appetite) as 807 is resistance.
For this expiry one can go short on 820 CE at 4 and 740 PE at 1.8. If you are aggressive you can short 800 CE at 10.5 for better premium
Given the rise is too sharp there will be a retracement.
One can go short below 780 with for T1 - 768 T2 - 748 T3 - 729.
SL at 797 or 807 (based on risk appetite) as 807 is resistance.
For this expiry one can go short on 820 CE at 4 and 740 PE at 1.8. If you are aggressive you can short 800 CE at 10.5 for better premium
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