I hope you're doing well. I wanted to share a brief update regarding the short-term trend of the stock NSE:HDFCLIFE I have been monitoring.
Currently, the stock is experiencing a downtrend in its short-term price movement. My analysis indicates that market conditions and recent price action suggest a period of declining prices. This information could potentially be useful for your investment / hedge strategy.
If Stock Break 622-618 level then possibly we can see 600,590,580 level so if you are ready to take Risk then I have 2 Strategies For Month Of September Series that we can Deploy.
1) Buying an Option Buy NSE:HDFCLIFE 620 PE Near 9, Stop Loss 5, target 15,17,20 Time Frame 7-8 Days Investment =10000, maximum Loss=4400, Profit Upto 12100
2) Hedge strategy Buy NSE:HDFCLIFE 630 CE Near 15-16 and Sell BSE:HDLF2! Future Below 625, Sl 640, Target 610,600,595 Investment = 40000 Maximum Loss = 12000 Profit Upto = 25000