Strategy for office going people .
Analysis : Look at weekly chart ,Nice breakout from pull back in feb , again a pullback candle followed by green candle of this week
Target zone mentioned on chart.
Rule 1 : No naked put /call buy /sell , No over leverage and buy /sell of 5-10 naked lots.
Buy 650 march call 1 lot @ 5.6
Sell 670 March call 2 lot @ 2.9
Don't violate above ratio.You need capital of 2 lakh for this ,in case you dont have, this trade is not for you.
Any close below 650 at expiry will give us small profit of 20 paisa.
Close at 660 will give us 4 rs on 650 call and 5.8 rs on 670 call i.e net 9.8 profit
Close at 670 will give us 14 rs on 650 call and 5.8 rs on 670 call i.e net 19.8 profit
Close at 680 will give us 24 rs on 650 call and 14.5 rs loss on 670 call i.e net 9.5 profit
Close at 690 will give us 34 rs on 650 call and 34 rs loss on 670 call i.e net zero loss /profit.
We will close our position before it reaches 690.
Consult your financial adviser before investing , options are risky , risk of capital loss involved.
Hold on ,wait patiently , Let price move to 565.