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
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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
