Sunday, August 24, 2014

EXIDEIND Analysis for 25-Aug to 29-Aug-14

EXIDEIND (cmp = 162.6 ) wait for stock to come near 167-169, watch for weakness and trapped bullish traders to short at/near 169 for target 166-161-156-151. Keep stop loss of 4 points from your entry price.
Option data suggests that 170 level will act as strong resistance and the stock may correct upto 155-145-141 in near term.