AXISBANK: BHARAT-22 ETF Series - #5

AXISBANK: Weight: 7.7%, 4th highest in NEWLY Launched Bharat-22 ETF .

Taking Support from Crucial Level (in between FIB R 0.618 & 0.786)

One Can LONG @ 504.6 to @ 511
For Swing / Positional Target of @ 547+
Weak Below @ 491 (Two Consecutive Closing)

More TARGET Levels plotted on Chart.

SL: @ 491.65+ (By Closing) or 484- for Trailing Stop.

Strategy for OPTION Trading:
Bull Call Spread:
#1. LONG 510CE @ 13.55 (LTP) + SHORT 540CE @ 4.3 (LTP)
MAX. RISK: 11100/=, MAX. Reward: 24900/=, MAX Reward: 2.243 times.
Breakeven: @ 519.25

#2. LONG 520CE @ 9.30 (LTP) + SHORT 550CE @ 3.00 (LTP)
MAX. RISK: 7560/=, MAX. Reward: 28440/=, MAX Reward: 3.762 times.
Breakeven: @ 526.30

for More FnO Strategy: On Query.

Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.

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With Warm Regards.
DSKF16.

Trade active:

LTP @ 507