FNO losers-Hexaware Technologies Limited stock below 216 remain sell

FNO losers-Hexaware Technologies Limited stock below 216 remain sell Hexaware Technologies Limited stock today tumbled by 5% and was top loser in f&o segment. Stock is in downtrend and after breakdown below 251 rupee, stock continually seeing supply from market. Hit recent low around 206 rupees.   For May series, stock below 216 remain very bearish and absolute sell for tgts 194 and 182. If sustain above 216 then expect recovery rally up to 230 to 250.   Below 216, traders can short future with swing tgt 195. Option traders can buy 210 put option for May expiry.

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Pramod Baviskar

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