Naukri Target: 1200, reduced IT hiring

Indeed is a Japanese company, direct competition with Info Edge brand, Naukri. Naukri valuation / p/e ratio is steep when IT hiring this low.

Naukri or infoedge stock has low liquidity and unjustified upsurge in last 5 days. This calls for selling until 3000 levels achieved (short term).

Long term targets are 1800, 1500, 1200

Sell call options at 4000 spot price, right now.

Long term bearish outlook.