Infosys: Chart set up and result play
Updated
Infosys
Closing Price 1376
We observe
- Infy trading in an uptrend channel
- trades near the upper end of the channel around result date and then drops towards the lower end of the channel in the next few weeks
Given the set up:-
one may consider to
- sell Infy 1440 Call option in zone of 25-33 (Closing Price 26.15)
- Buy Infy 1480 Call option in zone of 15-18 (Closing Price 16.3)
Lot size 600
The strategy has a 12% ROI potential and has an inbuilt loss protection for a rise up to 1450 till expiry day
In medium term the stock has the potential to move towards 1620 odd levels
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
Closing Price 1376
We observe
- Infy trading in an uptrend channel
- trades near the upper end of the channel around result date and then drops towards the lower end of the channel in the next few weeks
Given the set up:-
one may consider to
- sell Infy 1440 Call option in zone of 25-33 (Closing Price 26.15)
- Buy Infy 1480 Call option in zone of 15-18 (Closing Price 16.3)
Lot size 600
The strategy has a 12% ROI potential and has an inbuilt loss protection for a rise up to 1450 till expiry day
In medium term the stock has the potential to move towards 1620 odd levels
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
Trade active
Infy 1440 Call option CMP 24.80Infy 1480 Call optoin CMP 14.8
We are getting a 10 point gap which was there yesterday...
Trade is active
Take care & safe trading....!!!
Note
Infy Strategy update 1440 Call Option CMP 11.3 ( Sold at 24.80)
1480 Call option CMP 7.3 (bought at 14.80)
Net profit in strategy
600 * 6 = Rs 3600/- pet strategy lot so far
Consider squaring off 1480 Call option and hold on to 1440 Call short position
Happy trading...!!!
Trade closed: target reached
Infy Strategy update1440 Call option ( Recommended selling at 24.80)
CMP 0.75
1480 Call Option ( recommended buying at 14.80)
Squared off at 7.30 after result announcement
Net Profit in strategy
600* [ (24.80-0.75) - (14.80-7.3) ] = Rs 7530/- per lot
The strategy has delivered the desired results
Happy trading...!!!
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