ITC - BEARISH SIGNS

ITC Ltd. closed below short term support level.

Technical indicators (RSI and MACD) are bearish and sloping downward.

Next nearby support is 143 and resistance is 50 day SMA (177) and Mid Bollinger Band (180) on Daily Chart.

During last Market hours:
- huge call writing at 160,165,170 strike indicating more weakness
- put buying at 150,140 strike also indicating more weakness

I am expecting it to touch 140 once it closes below 150.