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DLF: Chart set up & strategy

Short
NSE:DLF   DLF LTD
DLF
CMP 152.85

- Resistance around 155-157

- Support around 144 / 142

Given the set up one may consider selling DLF 160 Call option around 7

Lot size 3300

Max profit potential Rs 23100/- per lot
Yield potential 13% approximately

In built loss protection for a rise in price up to 167 on 30 July

Take care & safe trading...!!!


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