NMDC LTD.Long
NMDC: Likely heading towards 89 - 93 levels
Updated
NMDC
Levels are mentioned in the chart.
Alternatively one may consider the following F&O strategy
Consider selling NMDC 30 April expiry Put option
Strike Price: 80
Lot size: 6000
Recommended selling range: 4.5 - 5 (Closing price 5.2)
Time frame: 30th April 2020
Max profit potential Rs 27000 - Rs 30000 till 30th April 2020
The strategy has inbuilt loss protection for a fall in price in Equity up to 75.5 - 75
Take care & safe trading...!!!
Do hit the Like button and Follow for more trading ideas...
Levels are mentioned in the chart.
Alternatively one may consider the following F&O strategy
Consider selling NMDC 30 April expiry Put option
Strike Price: 80
Lot size: 6000
Recommended selling range: 4.5 - 5 (Closing price 5.2)
Time frame: 30th April 2020
Max profit potential Rs 27000 - Rs 30000 till 30th April 2020
The strategy has inbuilt loss protection for a fall in price in Equity up to 75.5 - 75
Take care & safe trading...!!!
Do hit the Like button and Follow for more trading ideas...
Trade active
NMDC 80 Put option gave an opportunity to sell at 5High made was 5.9
Note
What a jump... Up 6% now. Once Above 81.30 NMDC had a clear run and just zoomed to 85.30 in 15 minutes. Strategy Update Those who sold 80 Put option at 5
CMP 3.6
That's a profit of Rs 8400/- per lot so far...
Hope u guys r enjoying.
Consider booking partial profits as per ur risk appetite. And keep a trailing Sl to 80.50 in cash market to ensure profitability in trade...
Follow to get more trading ideas and Don't forget to hit the Like button and Comment below...
Take care and happy trading...!!!
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