Bullish on Maruti on Swing basis
From the Auto pack, two names are bullish today - Bajaj Auto and Maruti.
Bajaj Auto has already flown up. So, no point chasing it.
Maruti on the other hand also has given good yearly returns this year.
I'm looking at a swing Options trade in Maruti on the upside. Have taken long and will exit in a week maximum if the trade works in my favour.
26thSep12200CE - BUY
26thSep12700CE - SELL
My view is that Maruti will be mildly bullish. However, it won't be able to surpass 12,700 within the coming week.
Bajaj Auto has already flown up. So, no point chasing it.
Maruti on the other hand also has given good yearly returns this year.
I'm looking at a swing Options trade in Maruti on the upside. Have taken long and will exit in a week maximum if the trade works in my favour.
26thSep12200CE - BUY
26thSep12700CE - SELL
My view is that Maruti will be mildly bullish. However, it won't be able to surpass 12,700 within the coming week.
Trade closed: target reached
Closed the buy with mild profit. Expecting a correction.
Sell position is still active.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.