Continuing with our yesterday's analysis on IT Sector.
Even today more Short positions got built into the IT stocks.
One can trade Put options in the following IT companies.
a) HCLTECH 940 PE
Entry 37
SL 30
Target 55
b) INFY 1480 PE
Entry 80
SL 63
Target 100/125
c) TECHM 1120 PE
Entry 57
SL 53
Target 70/85
Most of these strikes are ITM options, rather than ATM or OTM options.
Execute only at the levels mentioned.