Munafa TORNTPHARM (target) price & Options chain analysis (Torrent Pharmaceuticals Limited) Option chain analysis (TORNTPHARM) 24 Tue February Expiry Which Call CE or PUT PE options to buy or sell in Torrent Pharmaceuticals Limited TORNTPHARM
Lot size for TORRENT PHARMACEUTICALS L TORNTPHARM is 250
TORNTPHARM Option Chain Data Analysis for Torrent Pharmaceuticals Limited TORNTPHARM option chain
Maximum Call writing has been for strikes: 4240 4000 4100 4200
Until yesterday Maximum Call writing has been for strikes: 4000 4400 4100 4560
Open Interest of Call writers for the options of Torrent Pharmaceuticals Limited TORNTPHARM is shifting downwards. This would mean that markets are slowly moving downwards, and buying CALLS and CE might not be profitable.
Maximum Put writing has been for strikes: 3700 3800 3900 4000
Until yesterday Maximum Put writing has been for strikes: 3700 3800 4000 3900
Open Interest of PUT writers for the options of Torrent Pharmaceuticals Limited TORNTPHARM is shifting downwards. This would mean that markets are slowly moving downwards, and buying PUTS and PE might be more profitable. However, above mentioned levels will serve as support so avoid buying PE below those above mentioned levels.
Stock is in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Torrent Pharmaceuticals Limited TORNTPHARM at this time.
It appears as if Torrent Pharmaceuticals Limited TORNTPHARM gave a large move recently.
Stock of Torrent Pharmaceuticals Limited (TORNTPHARM) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.
My analysis of Torrent Pharmaceuticals Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Torrent Pharmaceuticals Limited stays below 3944.7, but if it comes above 3944.7, then a intra day buy could be more profitable.
If you take a sell trade below 3944.7, then use 3944.7 as stoploss and 3897.1 as target. However if you take a buy trade in Torrent Pharmaceuticals Limited, then use 3944.7 as stoploss and 3984.46 as target.
Torrent Pharmaceuticals Limited TORNTPHARM Option Chain, OTM CE, ITM PE
Below is full option chain of Torrent Pharmaceuticals Limited for strikes which are OTM CALLS (CE), and ITM PUTS (PE).
These are CALLS which have only time value in them, no intrinsic value. PUTS however have both time value and intrinsic value in the premium.
Torrent Pharmaceuticals Limited TORNTPHARM Option Chain, ITM CE, OTM PE
Below is full option chain of Torrent Pharmaceuticals Limited for strikes which are ITM CALLS (CE), and OTM PUTS (PE).
These are PUTS which have only time value in them, no intrinsic value. CALLS however have both time value and intrinsic value in the premium.