Rationale:
- Support / Resistance levels: Stock has tested 200 lvl's three times. Has taken support @ 181 lvl's. Max calls on the 200 strikes also would imply a kinda upper boundary
- Reports of China inspecting AL factories (CNBC)
- Fundamentally our target is at INR 205 as we see limited upside (cost pressures and limited volume expansion capacity)
- Support / Resistance levels: Stock has tested 200 lvl's three times. Has taken support @ 181 lvl's. Max calls on the 200 strikes also would imply a kinda upper boundary
- Reports of China inspecting AL factories (CNBC)
- Fundamentally our target is at INR 205 as we see limited upside (cost pressures and limited volume expansion capacity)