“Jay Thakkar advises selling Eternal Futures in the ₹238-242 range, targeting ₹225-215 with a stop loss at ₹250. This short-term bearish view is driven by the stock's reversal from recent highs after a short-covering bounce, coupled with increasing open interest signaling short build-up. Significant call writing at 250 and 260 strikes, along with fresh additions at 240, indicates bears have the upper hand.”
Jay Thakkar’s track record: 5 graded calls · 95% CI 12–77%
Eternal LimitedBearishCalled 13 May 2026Graded 27 Jun 2026
Eternal Limited increased from ₹237.82 to ₹247.00 (+3.86%), moving against the bearish call and target of ₹225-215.
Pre-fills a same-day INTRADAY short — delivery short-selling isn't allowed, so this is the only way to paper-trade a bearish call.