SSLT – DAILY
OI data showing drastically change in OI on 21st Feb’14 as compare to previous days. OI is increased more than 6-7 times on single day and price is going down continuously. It seems more and more shorts are building in this stock around 187 levels. We should short this stock with SL of 188.95 on 24th Feb’14 which is high of 21st Feb’14, and we can see stock slips near 175 levels within 2 days i.e. more than 5% return within 2 days.
Secondly price is breaking the support level which we can see in charts.
Again the stock is trying to take support at 175 levels. Will see how it will react in March’14. Lets wait….
