BHARATI AIRTEL

Bharati airtel
The stock has been rising on low volumes and the entire rise has been within the two black candles which indicate lack of buying interest in the buying. Also the stock has resistance at 301-304 as marked in the circles, even the 50 and 100 DMA lie in the 300-310 area which means 300-310 is going to act as big resistance and that new buyers should be careful about renewed weakness.
OI DATA
The 300 and 310 calls have highest open positions at 8 and 5 lac respectively which indicate call writing. The 380 PUT have 3 lac OI and also the levels of 285 act as some support.
Traders should avoid long as long as its below 100 DMA as the stock can resumes it weak trend , the one who are long can keep SL at 285.