The Option data of Zeel, at its cmp of 267, seems to show that the stock is not likely to go beyond 274 atleast in the current October series. If correction sets in, it may find support around 250-255. We can see from the marked levels, shown in red, that the traders who were long have started unwinding their open positions. Watch for shorting opportunity in this stock as-n-when the stock trades near 270 levels, keep stop loss of 279 and target will be 251-256.
P.S.: The levels recommended are for cash market only.
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