With open high same today even in such a strong opening of market, Hindalco looks for a short candidate with SL of 278.5 which is upper Bollinger and also near yesterday's high. Its an opportunity for double top in Hindalco. Strong support looks near 50Moving Average i.e. 257. Which can be a target for Jan Expiry. Previous trading price is around 274 which gives a very good risk reward ratio for traders
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