indiamarketoutlook
Long

Glenmark: At support

NSE:GLENMARK   GLENMARK PHARM
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...!!!
Trade active: Glenmark FNO strategy

One 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 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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