indiamarketoutlook
Short

Reliance: Medium ter view

NSE:RELIANCE   RELIANCE INDS
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...!!
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 series


Pre 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...!!!
Hi
I am not getting clear view regarding SL, can you please tell what would be the SL for the 1620 CE sold at 22 ?
Regards
Reply
@hotpot64,

It is an expiry strategy and the view is the stock should close below 1620 in september series

So if the stock jumps and closes above 1620 in Spot price then one may consider to exit from the strategy...

Remember as suggested the strategy will turn in to loss only if the stock goes above 1642 on Sept expiry day...

We will keep an update on the same if the stock goes above 1600 though...

Reply
indiamarketoutlook indiamarketoutlook
@indiamarketoutlook, We are watching spot levels to give us signals and will adjust our strategy in options accordingly...
Reply
hotpot64 indiamarketoutlook
@indiamarketoutlook, Thanks for detailed views, and your helpful nature as always :-)
Reply
@hotpot64, Welcome & thanks for the appreciation. It means to lot to us!!! :-)
Reply
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out