Reliance: Medium ter view
Updated
Reliance CMP 1572
The stock is near 2008 highs. It is an important level and is likely to get some respect. Expect some resistance around 1620-1650 zone. In the longer run, any dips towards 1360-1280 will provide good entry opportunity in the stock from long term accumulation perspective...
For the current set up, One may consider the Strategy to
Sell : - Reliance 28-September-2017 Call Option
Strike Price: 1620
Lot size: 500
Premium: 22
Maximum profit potential Rs 11000/- per lot on Margin requirement of Rs 112000/- (approximately 10% yield potential)
The strategy will provide loss protection for rise in stock up to 1642 on September expiry day...
(Thats loss preotection of Rs 35000/- per lot)
We have given important levels to watch out for from medium term perspective...
Do review your trading plan and
Plan your trade accordingly...
Take care & safe trading...!!
The stock is near 2008 highs. It is an important level and is likely to get some respect. Expect some resistance around 1620-1650 zone. In the longer run, any dips towards 1360-1280 will provide good entry opportunity in the stock from long term accumulation perspective...
For the current set up, One may consider the Strategy to
Sell : - Reliance 28-September-2017 Call Option
Strike Price: 1620
Lot size: 500
Premium: 22
Maximum profit potential Rs 11000/- per lot on Margin requirement of Rs 112000/- (approximately 10% yield potential)
The strategy will provide loss protection for rise in stock up to 1642 on September expiry day...
(Thats loss preotection of Rs 35000/- per lot)
We have given important levels to watch out for from medium term perspective...
Do review your trading plan and
Plan your trade accordingly...
Take care & safe trading...!!
Trade active
Reliance 1620 Call option update Cmp 15.70
Going good...
That's a profit of Rs 3150/- per lot so far
Take care
Trade closed: target reached
Reliance 1:1 bonus was declared in between the seriesPre adjustment details
Old Strike Price: 1620
Old Lot size : 500
Old Selling price: 22
Adjustment post stock bonus
New Strike Price: 810
New lot size: 1000
Selling price: 11
The stock closed September series below 810 at 786.45 giving us full profit of Rs 11000/- per lot
Happy trading...!!!
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