Torrent pharama good to short.

Torrent pharma trading with -ve arbitrage where spot is trading 8 rupee higher than futures. Daily charts showing weakness at higher levels. HNI traders may employ a covered put strategy for a week outlook.G0 short in futures at CMP 1878.5 and sell 1850 PE at around 35-40 rupees and leave the positions till expiry or till you receive 3-5% ROI.

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Disclaimer: Objective of this post is to educate and help all members earn profit from trading. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE/BSE/MCX market basis above recommendations. All the stock picks are momentum picks chosen using technical indicators and for education purpose only. I am not responsible for profit and losses or SEBI audits arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades or trade at your own risk.

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Formed doji on daily charts. Possible upmove is due to the strength in indices and pharma sector. Exited the PE on good profit. Will hold the short position now. Also made small profit by shorting it near 1903 future level for 10 points. Still looks good to hold. If it moves up will share the cover up strategy.

交易结束：到达目标:

Target reached and hence trade closed.