How to read sell calls

#1
I recently saw a sell call in Economic Ties which read as
sell @ 520
Target 480

How come target applies to a sell call?Is this call meant for people who already holding the shares to sell @ 520 and retake the position @ 480?
 
#5
selling a share @ 520 & buying back @ 460 called Short selling . hope i am clear !!


I recently saw a sell call in Economic Ties which read as
sell @ 520
Target 480

How come target applies to a sell call?Is this call meant for people who already holding the shares to sell @ 520 and retake the position @ 480?
 
#6
This type of Strategy can be only done in Intraday Trading
 
#7
Thanks for your replies....but is it possible for a share to drop 40 rs in a singe day, that too the call was for some well established company like L & T .I am not sure that I am clarified, will try to post an actual call when I see one.