Bajaj Finserv Ltd started falling mid-day 28th and continued to do so till it found strong support between 5425-5430. This support can be used to go long on Wed 30th after watching 15 minute candle.
Option Seller can look to Sell Aug 5400 PE at 30 which amount to INR 3750 if Bajaj Fin Serve stays above 5400 for next two days.
Option Seller can look to Sell Aug 5400 PE at 30 which amount to INR 3750 if Bajaj Fin Serve stays above 5400 for next two days.
Comment:
5400 is a 00 figure which is a psychological level where a scrip consolidates. Well as we have two days in hand it is a pretty safe bet though our downside being an illiquid stock .