LIC HSG FIN: Chart set up & F&O trading strategy for July expiry

LIC Hsg Fin

- 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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