CMP 326.85

One may consider to buy at CMP and /or on dips towards 320.
Momentum might be seen above 335-338 zone.
Target for the current setup 360/372

Keep a Stop loss if closing is below 315.5

Alternatively one may consider the following FNO strategy

Sell BPCL 320 PE
Lot size 1800
CMP 11.5

Max profit potential Rs 20700 if stock stays above 320 on 27 Dec 2018

Loss if stock is closing below 308.5 on December expiry day.

Take care and safe trading...!!!

Trade closed: target reached: The stock made an intra day low of 317.20 and from that point onwards there was no turning back. It Made an intraday high of 376.50 and closing high of 374.65.

All targets achieved. Hope the analysis was helpful


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