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HDFC AMC: Chart set up & trading strategy

Short
NSE:HDFCAMC   HDFC ASSET MANAGEM
HDFC AMC
CMP 3242

- we observe the stock is near it's potential resistance level


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given the set up one may consider to sell HDFC AMC 3500 Call option currently around 38

Yield potential in strategy is approximately 8% till Sept expiry.

More importantly the strategy has inbuilt loss protection for a rise up to 3538


Take care & safe trading...!!!


Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
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