Glenmark: At support
Updated
Glenmark
CMP 624
The stock looks likely to be at support levels.
Target 680 / 700
Stop loss if trades below 602 on closing basis.
Take care and safe trading...!!!
CMP 624
The stock looks likely to be at support levels.
Target 680 / 700
Stop loss if trades below 602 on closing basis.
Take care and safe trading...!!!
Trade active
Glenmark FNO strategyOne may consider selling
Glenmark December expiry 600 PUT OPTION
LOT SIZE 1000
PRICE 17
Max profit potential RS 17000 on margin requirement of RS 120000 approx (depending on your broker) giving a yield potential of 14% for the month.
Loss in strategy if stock closes below 583 on expiry day.
Take care and safe trading...!!!
Trade closed manually
Glenmark FNO Strategy updateGlenmark 600 Put option recommended selling at 17
Made a low of 9.4.
CMP 9.65
That's a profit of Rs 7350/- per lot ( a little over 6% profit yield on margin capital of ₹120000 in 3 days)
Consider booking profits...:-)
Take care and safe trading...!!!
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