Infy: USDINR inverse co-relation & Moving Average Play potential
Infy
CMP 1702
Observations
- 20 day EMA currently around 1691
- 50 day EMA currently around 1618
a close below 20 day EMA may lead to fall towards 50 day EMA
also keep a close eye on USD INR. If Rupee strengthens further (towards 72 levels) the probability of Infy falling towards 50 day EMA would increase
___________________________________________________________________________________________________
Given the set up, F&O Strategy suggested: Bear Call Spread
One may consider to
Sell 1760 Call option Currently around 19
Buy 1820 Call option currently around 8
Max profit potential Rs 6600/- per lot
(Yield potential 10.5% approximately)
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
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
CMP 1702
Observations
- 20 day EMA currently around 1691
- 50 day EMA currently around 1618
a close below 20 day EMA may lead to fall towards 50 day EMA
also keep a close eye on USD INR. If Rupee strengthens further (towards 72 levels) the probability of Infy falling towards 50 day EMA would increase
___________________________________________________________________________________________________
Given the set up, F&O Strategy suggested: Bear Call Spread
One may consider to
Sell 1760 Call option Currently around 19
Buy 1820 Call option currently around 8
Max profit potential Rs 6600/- per lot
(Yield potential 10.5% approximately)
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
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.