Stop loss: Rs 0.80
Target: Rs 3
Short positions being built in Srei Infra futures today where we have seen open interest addition of 2% with price fall of 5%.
Stock Price is forming bearish lower top lower bottom formation on the daily chart Since July 2017
Stock price has given break down on the daily chart by closing below the downward sloping trendline support of 78 level.
Stock Price is trading below its 5,20,200 dma indicating bearish trend
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.