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LIC HSG FIN: Chart set up and trading strategy

Short
NSE:LICHSGFIN   LIC HOUSING FINAN
LIC HSG FIN
CMP 379


Charts indicate the stock is running in to series of resistance levels 382 / 390 / 400 / 408 / 412

Given the set up one may consider to sell LIC HSG FIN 31 Dec 2020 expiry

410 Call option around 5

Max profit potential in the strategy Rs 10000 per lot

Yield potential in strategy is of 4.5% on Margin up to 31 Dec

Risk coverage for a rise in stock price up to 415 has been factored in


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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
Comment: Strategy update

LIC HSG FIN 410 Call option
CMP 1.40

Suggested selling at 5

Current profit 2000* (5-1.4) = Rs 7200/- per lot

Happy trading...!!!
Trade closed: target reached: LIC HSG FIN 420 Call option giving the desired results.

Complete profit with minimum risk

Happy trading...!!!

Comments

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