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neneram
Aug 31, 2018 8:34 AM

Axis Bank - 3-5 Days Fixed deposit Long

AXIS BANKNSE

Description

Hi All ,
Don't expect 1 trade to give million Rs , lets be realistic, We expect 5-10 Rs profit in following Bullish spread in 3-5 days.
we can't be greedy (Market is expensive,but at the same time trend is up )

Buy 660 Sep call @ 21.3
Sell 680 Sep call @ 13.8

Stop loss is EOD closing below 620 , Target is EOD close above 660 .

P.S options are risky, consult your financial adviser before taking trade.

Comment

Looks like Nifty fall is going to take out our trade. That's the reason we sold higher level call.

Comment

Tomorrow EOD if this shows green candle , Than we will keep this trade active otherwise we wont hesitate to book loss and move on .

Trade closed: target reached

Folks start booking profits, Don't let the profits become losses

660 call @ 30.5
680 call @ 19.5
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