Axis Bank Short @ Rs. 610 +

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AXISBANK
Entry 610 +
Target 585 , then 545
SL 632

Stock is trading at 615 and near to supply zone , Bank Nifty is also near to supply zone, both have strong correlation, on the options Call of 600,610,620 are sold heavily , puts are less sold on ATM. Divergence is also observed on RSI chart.

Disclaimer: author may enter in trade, take your own decision , This is an trading idea not an trading or Investment advice.

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SL Hit, close position