Infy: Chart set up and trading strategy
Infy
- Come October we have the result season in front of us
Looking at the chart set up now:
- The stock has fallen from 1760 odd for the 2nd time and establishes the importance of the zone as possible resistance zone
- on the lower side 1595 zone acted as resistance earlier and has a possibility of acting as support zone
Given the set up, Strategy that may be considered
Short Strangle
Sell 1820 Call option currently around 26
Sell 1580 Put option currently around 26
Max profit potential Rs 31200/- per strategy lot (Yield potential 17% approximately till 28 October 2021)
Inbuilt loss protection for a
- rise up to 1872 on the upside &
- fall in price up to 1528 on the lower side
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
- Come October we have the result season in front of us
Looking at the chart set up now:
- The stock has fallen from 1760 odd for the 2nd time and establishes the importance of the zone as possible resistance zone
- on the lower side 1595 zone acted as resistance earlier and has a possibility of acting as support zone
Given the set up, Strategy that may be considered
Short Strangle
Sell 1820 Call option currently around 26
Sell 1580 Put option currently around 26
Max profit potential Rs 31200/- per strategy lot (Yield potential 17% approximately till 28 October 2021)
Inbuilt loss protection for a
- rise up to 1872 on the upside &
- fall in price up to 1528 on the lower side
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
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