JUBLFOOD having huge gap between spot and future price. JUBLFOOD having decent volatility can be considered for quick scalping too but the levels should be followed strictly.
Preferable long trade is only above 1529.55 subject to sustainability on 5min as well as hourly charts for target of 1545.95 followed by 1860.35 and 1583.15. Prudent to book profits at levels, i.e. keep De-risking.
Short position would prefer to take if price is sustaining below 1472.25 on 5min as well as hourly charts for the target of 1465.65 followed by 1451.95 and 1444.85.
My personal bias is BEARISH on JUBLFOOD and will consider to short rather go long, however it is wise to stick to levels give only. Will share the trade idea for all segments (FnO and Cash) in JUBLFOOD at request only.
p.s. –. Trading in current markets is very risky due to uncertainty and volatility in the market but will trade as per my given levels only. Please trade as per your comfort and risk. These levels have derived by analyzing Options data and spot price movement.
DM me for detailed levels with further explanation.