Those who are looking for investment ideas with a medium to long term perspective can look at L&T for targets of 1040 - 1120 levels.
Levels are mentioned in the chart.
Alternatively for a short term trading idea one may also consider the following strategy for L&T
Consider selling L&T 30 April 2020 Put Option
Lot size :375
Strike Price: 740
Sell Price: Between 35 - 40
Max profit in the strategy Rs 13125 - 15000
Time frame: till 30th April 2020
The strategy has an in built protection against loss for a fall in price in L&T up to 705 - 700 levels till 30th April 2020.
It's your hard earned money that you are trading with...
Do take care of it...!!!
Happy & safe trading...!!!
Open and high 36.70.
As suggested gor the price in the selling range of 35 - 40
Trade is active
Also update on strategy to sell 740 Put option
Sold at 36.70
CMP of Put option 15.70
That's a profit of 375*(37.7-15.7) = Rs 7875/- per lot so far....
Hope u guys r Enjoying the journey
Happy trading...!!! :-)
Those who bought in cash consider booking profits