Sterlite 540 C @ 20

Sterlite has being falling since last 2 days more then 20 % i guess
it hit 52 week low today

also news about restructuring is going on and there are various targets being put up by analyst

how is STERLITE IND 540 C @ 20 is looking ?

risk is about 4000 rs but reward is 3 - 4 times if STERLITE manages to touch 600 -650 this month

seniour members plz post ur views on this confused:

with only 2 weeks left for expiry and with week market, this is a risky trade. i dont think sterlite can touch 560 (break even) by expiry

my advice would be to buy a future lot at 501 (with gap down tomorrow) and keep a stop loss at 487. any case you are prepared to lose 20 rs per lot. this is a better strategy in my opinion

Sterlite (equity) in long term appears to be good in the range 490~480.

I was shocked to see Ster fall like this.