DLF : Chart set up and Strategy for DLF

DLF
CMP 148.50


The zone of 168-177 may not be easy to cross and it may act as a resistance zone.

Given the view

one may Consider the following strategy

Consider Selling DLF 30 April 2020 expiry

Call option

Strike Price: 160

CMP: 10.50

Lot size: 3300

The strategy has a maximum profit potential of Rs 34650/- (Profit potential of 22.5% on Margin amount)

Loss in strategy only if DLF closes above 170.50 on 30 April 2020.

(Inbuilt loss protection of Rs 74250)

Take care & safe trading...!!!

Do hit the like button and comment below...!!!

Trade active:

Dlf strategy Update
Recommended selling 160 Call option at 10.50 on 27th March

CMP 3.50

That's a profit of 3300*(10.5-3.5)= Rs 23100/- per lot so far....

Hope u guys r enjoying the journey....

Consider booking partial profits & keep a trailing Sl at 7 for balance to ensure profitability in trade...

Take care and happy trading...!!! :-)

Do hit the Like button and provide ur feedback in the comments section below....

Thanks

Comment:

Dlf 160 Call option update
CMP 0.5

That's a profit of Rs 33000 per lot....

Happy trading ...!!!