DLF - Supply and Demand Zones

Dear Traders,

DLF is in overbought and we saw a long run since this November, also a long wick rejected 226 zone emerges as short term resistance zone, we will see the correction once the market also gets corrected. We initially sell DLF @ 220 levels for the tgt of 212. (8pts) also we buy puts 217 Nov expiry @ 2.8 with a stop of 1.5 tgt should be 4.5, 5, 6.

Happy Trading and enjoy the profits with supply and demand zones

Thank you
Deepak

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