Ashok Leyland - Buy 80, Target 86, Stop Loss 78.4
Ashok Leyland is looking good on charts, options chain also supports a trade upto 85-86-87 levles.
Keep a Stop Loss of 78.4.
Low risk traders can buy a 80 Rs. Call around 3 - 3.5 and sell Calls Rs. 87.5 and 90 calls. Max risk with this strategy will be Rs. 1 or lesser and max. profit 6 Rs.
This post does not encourage speculative trading using stock market derivatives, please consult your financial advisers before exposing yourself to financial risk.
Keep a Stop Loss of 78.4.
Low risk traders can buy a 80 Rs. Call around 3 - 3.5 and sell Calls Rs. 87.5 and 90 calls. Max risk with this strategy will be Rs. 1 or lesser and max. profit 6 Rs.
This post does not encourage speculative trading using stock market derivatives, please consult your financial advisers before exposing yourself to financial risk.
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