SELL : M&M25NOV25FUT( M&M ) [48887]

Trade Rationale – M&M25NOV25FUT (SELL)

Duration: BTST / STBT
Entry Range: ₹3616 | Stop Loss: ₹3646 | Targets: ₹3586 / ₹3556

Technical View:

• Trend Setup: M&M Futures is forming a lower high–lower low structure on the hourly chart, indicating short-term bearish momentum.

• Resistance Zone: The stock faced strong supply near ₹3640–3650, aligning with its 20EMA rejection — a sign of sellers dominating at higher levels.

• Volume Action: Price decline is supported by rising volumes, confirming fresh short build-up.

• Indicators:

  • RSI turned down from the 60 zone → weakening bullish momentum.

  • MACD shows a bearish crossover → confirms downside continuation.

Derivatives & Sectoral View:

• OI Data: Fresh short positions seen in M&M Futures along with call writing at 3650CE → indicates bearish bias.

• Auto Sector: Short-term sentiment is cautious amid higher input costs and slowdown in rural recovery, adding pressure on M&M.

Summary:

The setup points to a short-term corrective move towards ₹3550 zone.
This trade offers a good risk-reward SELL setup near ₹3616 with a strict stop loss at ₹3646.

📉 View: Bearish
🎯 Expected Move: 3550–3560 zone
⏳ Duration: BTST / STBT

RA Name: Manjushri Sharma

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