Om namo narayana
Lupin last yr played good 2100 -1300 n last qtr when it was 1500 expected 1280... it reach ...
Now as demand zone n oversold rsi n last week inverted hammer candle weekly.. n this week played 1320 ce... it jump well..
*recently lupin had done tie up with eily lilly india*
* a small 10% return play till 1430 positional eq good *
Fut play widout option hedge not good*
* intraday 2-4rs option plays good in intra sup wid nearby call*
*FOR STUDY PURPOSE*
Om namo narayana
open flat 20+ 9445/73
09:13 to 10:17 down 20-25pt banknifty 60pts
10:18 to 11:23 grinding premium eating day low 9404 .. ultracemco res 4471 good to play short or puts buy point for day 11.20
11:24 to 12:28 bn 50-60pt jump
12:29 to 13:34 maruti tatamotor 1% move up
1:35to 2:39 lupin good n nifty 20pt up
1:402:44 day high
After 11.20 good bn 100pt nf 30+ some auto
Positional ultracemco on rise will short n add puts this exp calculated risk