- The zone of 440-458 is crucial zone for LIC HSG FIN
- Blue support line currently around 420 odd levels
The target for the current set up 492 / 505 / 518
Strategy: One may consider buying in 2 tranches
1 at current levels and 2nd on further dips towards blue line
Exit if closing below 408
Alternatively one may consider
Bull Put spread strategy
Sell LIC HSG FIN 440 Put option around 10
Buy LIC HSG FIN 400 Put option around 2.5
Lot size 2000
Max profit potential in strategy Rs 15000 giving a yield potential of approximately 15% on margin requirement.
Take care & safe trading...!!!
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- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
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- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be