Hi my name is Prateek jain. I have 1100 shares at an average price of 180/- approx. What target do you suggest me for a decent return and stoploss if any. Thank you for your response in advance.
Aditya_Singh21
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@dpjain1124,
Hey Prateek,
For a hefty profit I would suggest you to hold your position till the price reaches around 300 approx .
You won't need any Stoploss for now but when the price reaches/crosses 180 I would suggest you to use a trailing Stoploss to guarantee minimal profit even if the stocks start heading southwards.
I hope I helped you!
BulanSarkar
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Better, sell a June 140 Put options, if you can invest 500000 inr in SBI. If by june June expiry SBI doesn't reach 140, you keep all the premium around 19000 inr.
Or if you can buy 3000 shares of SBI here around 150, you will need around 450000. Then every month keep selling 25 delta call options for monthly income unless SBI reaches 300. You will gain huge.
Aditya_Singh21
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@Aviant,
That is a great strategy Sir!
Thank you for sharing it with me, I'm grateful !
B_BN
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Nice study. What if support is broken. What downside you see.
Aditya_Singh21
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@bharat1607,
Yes there is always a possibility that things don't go our way and the price breaks the support level.
Therefore Traders should buy in only when the price rebounds off the support and not before that.
To minimize our risk even more we should palce a Stoploss just below the support level .