HunnyKhanna
Long

Reliance Heading Towards 1168, 1180 & 1200- How to play expiry

NSE:RELIANCE   RELIANCE INDS
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Tomorrow's is expiry, take two reliance 1160 CE currently traded around 4 and hold it the day end, its a risk of 4000 but can reward you with reliance ended at around 1180-1200 levels, where 61.8% entrancement level from its low of 1018. One should watch 50% retracement level of 1168, where one call should be exited and second one held till 1180. Above 1180 its your choice to hold till 1200.
Nov 29
Trade closed: target reached: What a move as predicted first touched 1168 and once over it touched 1179.9 exactly near our predicted 1180 level. The 1160 call value became four times to 19. Your 4000 became 16000 in one trading day enjoy the profits.

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