As per harmonics 0.886 levels it can reverse which is at 1260
Sell at 1255 - 1265
Target at 1240,1200
As per chart you can see it has given a BO from trendline also the highest OI on put side is 1100 PE.
You can sell 1100 PE and pocket 14 points which is sureshot with expiry in another 2 weeks.
Margin - 2.2L
Add 1340 CE to it and another 12 points and margin reduces to 2.8L
BEP comes at 1366 on upside and 1074 on lowerside.
We are betting on a range in this view.
Wait for some retracement if comes around 1140-1160 and can long with SL 1120
Disclaimer: I am not a SEBI Registered Analyst. This is for educational purpose. Please take position after consulting your advisor.
will sell at 1260 now
sold 1100 pe at 15.5
waiting to sell 1380 in a range of 12-15
will hold till expirt to pocket the premium.
and sell muthoot around 1260 with SL 1280 for view 1
Exited at 1230