vigneshwaraj
Short

Expiry Strategy: Sell 370 Call May @3.3 & Buy 380 Call May @ 1.7

NSE:GAIL   GAIL INDIA LTD
Trend is continued to be in consolidation phase between 310 and 400 levels. It wanders around 200 day EMA while MACD signals negative bias by staying below zero line. Expect it to stay below nearby resistance level of 370 till this expiry. As election result is on due, would like to adopt spread strategy. Lot size: 2667.

Comments

Expired well below our expected level of 370. Gross profit of Rs.4200/-
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