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Weekly Trade Tip: Short Sell LIC Housing Finance

LIC Housing Finance (NSE: LICHSGFIN) is facing resistance in the 526-533 range. Short Sell the scrip or the August Future contract to profit from the probable bearish movement.
The first target is at 488 and Stop Loss at 538.

It is preferable to add more to the short position once the scrip starts showing favourable movement downwards.

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