- line of resistance level around 25 Nov is around 1855
- support around 1667
- major support around 1600-1592 levels
For any cash buying decisions, that's the zone where risk::reward ratio looks most favorable _______________________________________________________________________________________________________________ Given the set up F&O strategy that may be considered
- Sell 1840 Call option
Yield potential 9-10% on margin requirement Risk of stock reaching 1855 by Nov expiry is factored in the strategy.
Take care & safe trading...!!!
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