Bearish butterfly formed in Ambuja cements. Moreover, open interest positions suggesting that the traders are shorting the stock as prices are falling and open interest increasing with good volumes increasing in number of contracts also is a bearish sign.
Nasir Mirza is a well Known Financial Analyst having more than 20 year sof extensive experience in the field of Financial Market. He has been a regular trader in stock market and Commodity market. Since 2004, he has been trading actively in Financial Market.