Description
⋅ 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.