Sure Shot Call of the Week: Super Jackpot
BUY BAJAJ AUTO ABOVE 3050 Stop loss: 3010 TARGET: Around 3150
Bajaj Auto Close @ 3025 Up 97 Points in Previous Week with Gains of 3.32%,A symmetrical triangle breakout gets confirmed if 3050 is crossed.
Possible upside-10% do buy 3050 put option for protection.
Derivative Analysis:-
Volumes -3.8 times
Delivery-4 times
Open interest addition-15%
Unwinding and shifting seen from call writers from 2950 and 3000 strike price to higher levels.
Today prices has closed above last 19 weeks high.
Almost 4 months highs.
Highest Open Interest in last 4 months.
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