DLF: Chart set up and trading strategy

DLF

Multiple Line of resistance around 376 - 385

- 21 day EMA around 370
- 63 day EMA around 369

- 252 day EMA around 354


Given the set up one may consider a Short strangle strategy in DLF
Sell DLF 400 Call option
Sell DLF 340 Put option for October series

Net receivable Rs 9.6 per strategy lot.
Max profit potential Rs 15840 per strategy and gives a yield potential of approximately 11 % on Margin till expiry.

Review points, if closing below 353 or above 385

Take care & safe trading...!!!

Disclaimer
-The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be

Comment:

DLF Strategy update

Net receivable 9.6

Current value 5.9

Net profit
1650*(9.6-5.9) = Rs 6105 per strategy lot

Trade closed: target reached:

DLF respects the red line of resistance throughout the October month.

Short strangle Strategy gives the desired result

Enjoy and happy trading...!!!🙂🙏