JUBILANT FOODWORKS (Short in Call Options/Futures)
The stock has shown a strong momentum-driven move from 3200 to nearly 4200. The stock seems to have topped out at this 'HIGH' and is best to book profits now. You may also consider going short in the F/O segment, as I expect it to trade for a considerable period between 4175(ATH) and 3570 (coinciding with the 61.8% retracement level).
Note: This is a forecast I believe is most likely to happen. You may take your positions as per your analysis and belief system.
Note: This is a forecast I believe is most likely to happen. You may take your positions as per your analysis and belief system.
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