DLF: Chart set up and trading strategy for June month expiry

DLF

- level of 308-313 holds significance for the stock

- given the set up one may consider to sell 320 Call option CMP around 6.3

- be cautious if DLF trades above 309 and exit if closes above 313

The strategy has a maximum profit potential of Rs 20790 per lot and has inbuilt loss protection for a rise in price up to 326.30 giving ample opportunity to adjust / exit in case view gets invalidated


Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- 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

Trade closed: target reached:

DLF 320 Call option
CMP 0.1 ( Sold at 6.3)

Strategy works well to earn a profit of over Rs 20k

Like & Follow for more such ideas