indiamarketoutlook

NMDC: Likely heading towards 89 - 93 levels

Long
NSE:NMDC   NMDC LTD
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...!!!

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Trade active: NMDC 80 Put option gave an opportunity to sell at 5
High made was 5.9
Comment: 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...!!!