The zone of 168-177 may not be easy to cross and it may act as a .
Given the view
one may Consider the following strategy
Consider Selling DLF 30 April 2020 expiry
Strike Price: 160
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...!!!
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Recommended selling 160 Call option at 10.50 on 27th March
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...!!! :-)
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That's a profit of Rs 33000 per lot....
Happy trading ...!!!