Glenmark: At support

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 strategy

One may consider selling

Glenmark December expiry 600 PUT OPTION



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 update
Glenmark 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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