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SBIN: Chart setup & Strategy
STATE BANK OF INDIA
SBIN: Chart setup & Strategy
By indiamarketoutlook
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Jul 10, 2020
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5
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Jul 10, 2020
SBIN
CMP 201
Observation
- the stock is having support around 192 levels
- resistance is seen around 218-220 levels
Given the setup one may consider Short strangle strategy for SBIN
Consider selling SBIN 30 July expiry
220 Call Option between 4.5 - 5 ( CMP 4.5)
& also
185 Put Option between 4 - 4.5 ( CMP 4)
Lot size 3000
Profit potential Rs 25500/ - to Rs 28500/- ( total premium collection 8.5- 9.5) per lot as per CMP
Yield potential of 12.75% - 14.25%
Loss in strategy if closing on 30 July 2020 is below 176.5 or above 228.50
Take care & safe trading...!!!
Beyond Technical Analysis
fibon
Fibonacci
NIFTY
sbin
tradingview
Trend Analysis
indiamarketoutlook
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