The Share price of Idea Cellular ahs registered a breakout from its resistance level of Rs 98.50- Rs 99 levels.
The momentum indicators remain in the rising trajectory and indicate strength in the current up-move.
We believe that the share price could enjoy good upside momentum in the short term and test levels of Rs 108- Rs 110 in short term.
We recommend Buying 1 lot 100 call cmp—4.80 and selling 2 lot 110 calls cmp--1.55 , Max Loss Rs 1.7 and Max Profit Rs .8.3 at 110 and Upside Breakeven at Rs.118
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