raj3elite

Result Day & Symmetric Triangle on Infy - NEUTRAL

NSE:INFY   INFOSYS LTD
Symmetric Triangle on Infy and either way to go.

Note : Please trade with cautions, due to result.

Make or Break

Levels to Make:
Level 1 - 1028
Level 2 - 1052

Levels to Break:
Level 1 - 945
Level 2 - 925

"Happy Trading"
Jan 12
Trade active: Hit on upper side and fall back to triangle... It always happen on result day...
Jan 18
Trade active: infy falling from make to break side... now price near to break side level 1 - 945
Jan 20
Trade active: Level 1 - Achieved
Jan 26
Trade active: Heading to Level 2.
Feb 01
Trade closed: target reached

Comments

Sir, I hold 1020 CA & 980 PE @ 22 each, pls give your views when & where should I exit?
Reply
raj3elite rohitshakti
@rohitshakti, i am not sure about options...
Reply
I hate INFY- specially on result day -at times it moves so choppy that stops for both the camps are hit.
Reply
raj3elite AbhishekHSinghCMT
@AbhishekHSinghCMT, hahaha... me too...
Reply
made*
Reply
@ms555, yeah today i have done day trade.
Reply
ms555 raj3elite
@raj3elite, any carryforward position?
Reply
@ms555, nope, it's risky to have a positional trade on before the result day. Do u having any position on INFY ?
Reply
ms555 raj3elite
@raj3elite, VERY TRUE theirs a lot of risk.Though i thought Infy will declare results after markets open. I have shorted 1000 CE & Long on INFY 270 shares.
Reply
ms555 raj3elite
@raj3elite, As VIX on that strike was very high as compared to historical level!
Reply
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