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Tata Steel: Chart analysis and trading strategy

NSE:TATASTEEL   TATA STEEL LTD
Tata Steel

Given the set up

Suggested Strategy: Bear Call spread

Sell 1160 Call option around 20

Buy 1210 Call option around 10

Yield potential till 24 June expiry: 12.4% (approximately)

The strategy covers risk for rise in price of Tata Steel up to 1170

Take care & safe trading...!!!

Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be

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