itc @265 very crucial support!!

it will bounce back from falling channel as positive divergence seen in RSI on hourly chart!!
i have expiry strategy due to market behavior!!

if you have sufficient margin!!!

+1x 25JUL2019 265CE - ₹ 4.3
-3x 25JUL2019 275CE - ₹ 0.7
Max. Profit₹ +18,720
Max. Loss ₹ Undefined if it go above 279
Max, Loss ₹ -5,280
Breakevens 267.2-278.9
Estimated Margin/Premium ₹ +314,423

Reason for this is
highest put OI @265>>>>>>>>>26 lk
highest call OI@280>>>>>>>>>45 lk

Comment:

still in profit. hold till expiry! expiry may between 270-275

Comment:

CLOSE YOUR STRATEGY WHEN IT REACHES 273-274 ZONE!! HOPE YOU HAVE EARNED THROUGH THIS