Observed Strong Support at 150 level, if Breaks Down can go for short, if sustains can go long up to 200 target, can buy 170 ce june, lot size 4000, CE value at 5/- amount 20,000/- investment or can buy 160 ce june, CE value at 8.30/- amount 33,200/- to take long in futures june expiry at 155.70/- required margin 2.12 Lakhs approx.,
@chinna6674, Since market is strong bullish we can hope so becoz market is all about probability of happening & non-happening, Generally we don't give targets, we leave it to the risk reward ratio of trader. we always suggest stop loss upto 25% i.e., if ce bought for 10/- stoploss will be 7.5/- , if ce or pe remains OTM after 15th of that month OTM options premium reduces faster due to time deccay, we close irrespective of profit or loss If option remains OTM.